| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26803 |
| 来源ID | Working Paper 26803 |
| Utilization-Adjusted TFP Across Countries: Measurement and Implications for International Comovement | |
| Zhen Huo; Andrei A. Levchenko; Nitya Pandalai-Nayar | |
| 发表日期 | 2020-03-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper develops estimates of TFP growth adjusted for movements in unobserved factor utilization for a panel of 29 countries and up to 37 years. When factor utilization changes are unobserved, the commonly used Solow residual mismeasures actual changes in TFP. We use a general equilibrium dynamic multi-country multi-sector model to derive a production function estimating equation that corrects for unobserved factor usage. We compare the properties of utilization-adjusted TFP series to the standard Solow residual, and quantify the roles of both TFP and utilization for international business cycle comovement. Utilization-adjusted TFP is virtually uncorrelated across countries, and does not generate much GDP comovement through its propagation. Shocks to factor utilization can more successfully account for international co-movement. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w26803 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584475 |
| 推荐引用方式 GB/T 7714 | Zhen Huo,Andrei A. Levchenko,Nitya Pandalai-Nayar. Utilization-Adjusted TFP Across Countries: Measurement and Implications for International Comovement. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26803.pdf（662KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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