Search results for "TFP Aggregate productivity Technology Nonparametric estimation Convergence"

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Labor Productivity Growth: Disentangling Technology and Capital Accumulation

2014

We adopt a counterfactual approach to decompose labor productivity growth into growth of Technological Productivity (TEP), growth of the capital-labor ratio and growth of Total Factor Productivity (TFP). We bring the decomposition to the data using international countrysectoral information spanning from the 1960s to the 2000s and a nonparametric generalized kernel method, which enables us to estimate the production function allowing for heterogeneity across all relevant dimensions: countries, sectors and time. As well as documenting substantial heterogeneity across countries and sectors, we nd average TEP to account for about 44% of labor productivity growth and TEP gaps with respect to the…

Counterfactual thinkingEconomics and EconometricsPublic economics05 social sciencesConvergence (economics)Oecd countriesjel:C14jel:D24Aggregate productivityjel:O41Capital accumulationTFP Aggregate productivity Technology Nonparametric estimation Convergence0502 economics and businessEconometricsEconomics050207 economicsjel:O47Settore SECS-P/01 - Economia PoliticaProductivityTotal factor productivity050205 econometrics Under Review [TFP Aggregate Productivity Technology Nonparametric Estimation Convergence Publication Status]
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