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La productividad total de los factores en los países desarrollados. Componentes y factores determinantes

Author

Listed:
  • Carmen López-Pueyo
  • Sara Barcenilla Visús
  • María Jesús Mancebón Torrubia
  • Jaime Sanaú Villarroya

Abstract

This paper provides the calculation of total factor productivity (TFP) in ten manufacturing industries for a sample of six developed countries. To achieve it, two non-parametric approaches have been applied. In one of them, the TFP index has been broken down into its two basic components: technological change and efficiency change and the value of the capacity of both national and foreign R&D capital. The results of our estimates suggest that domestic R&D capital and the spillovers from foreign R&D capital are decisive to account for the technological change. On the contrary, efficiency change cannot be explained by variables that are representative of technological capital.

Suggested Citation

  • Carmen López-Pueyo & Sara Barcenilla Visús & María Jesús Mancebón Torrubia & Jaime Sanaú Villarroya, 2008. "La productividad total de los factores en los países desarrollados. Componentes y factores determinantes," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 68(02), pages 370-403.
    • Handle: RePEc:ekz:ekonoz:2008218
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    More about this item

    Keywords

    total factor productivity; technical change; efficiency change; Törnqvist; Malmquist;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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