Decomposing Total Factor Productivity Growth in Manufacturing and Services
Download or Read eBook Decomposing Total Factor Productivity Growth in Manufacturing and Services PDF written by Neil Foster-McGregor and published by . This book was released on 2017 with total page 28 pages. Available in PDF, EPUB and Kindle.
Author | : Neil Foster-McGregor |
Publisher | : |
Total Pages | : 28 |
Release | : 2017 |
ISBN-10 | : OCLC:1305357272 |
ISBN-13 | : |
Rating | : 4/5 (72 Downloads) |
Book Synopsis Decomposing Total Factor Productivity Growth in Manufacturing and Services by : Neil Foster-McGregor
Book excerpt: Using the World Input-Output Database, this paper calculates total factor productivity (TFP) growth for a sample of 40 economies during the period 1995-2009 to show that TFP growth in Asian economies has been relatively strong. In a number of Asian economies, TFP growth in services has outpaced that in manufacturing. This paper presents a novel structural decomposition of TFP growth and shows that the main drivers of aggregate productivity growth, as well as differences in productivity growth between services and manufacturing, have been changing factor requirements. These effects tend to offset the negative productivity effect of a declining ratio of value added to gross output.