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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP17452 |
DP17452 World Productivity: 1996 - 2014 | |
John Fernald; Mehrdad Esfahani; Bart Hobijn | |
发表日期 | 2022-07-09 |
出版年 | 2022 |
语种 | 英语 |
摘要 | We use a new growth accounting method to quantify the drivers of world total factor productivity (TFP) growth during 1996-2014 and uncover four main results. World productivity growth is volatile from year to year. This mainly reflects reallocation of labor across country-industries. The contribution of country-industry level productivity growth to world productivity is relatively constant over time. This constancy masks that the increased importance of emerging economies offset a productivity slowdown in advanced economies; after 2008, this offsetting effect dissipated and world TFP growth declined. These conclusions are robust to the inclusion of markups in the analysis. |
主题 | Macroeconomics and Growth |
关键词 | Growth accounting Productivity World economy |
URL | https://cepr.org/publications/dp17452 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546542 |
推荐引用方式 GB/T 7714 | John Fernald,Mehrdad Esfahani,Bart Hobijn. DP17452 World Productivity: 1996 - 2014. 2022. |
条目包含的文件 | 条目无相关文件。 |
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