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Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database

Author

Listed:
  • Vivian Chen
  • Abhay Gupta
  • Andre Therrien
  • Gad Levanon
  • Bart van Ark

Abstract

The recession left its mark on global productivity, which fell in 2009. The productivity growth differential between the United States and Europe increased dramatically in 2009. Average long-term growth of labour productivity in advanced economies has stalled since 2000. The gradual improvement in world productivity is due to emerging and developing economies. In particular the long-term increase in TFP growth reflects a strengthening of the efficiency with which emerging and developing economies use labour and capital in productive economic activity.

Suggested Citation

  • Vivian Chen & Abhay Gupta & Andre Therrien & Gad Levanon & Bart van Ark, 2010. "Recent Productivity Developments in the World Economy: An Overview from The Conference Board Total Economy Database," International Productivity Monitor, Centre for the Study of Living Standards, vol. 19, pages 3-19, Spring.
    • Handle: RePEc:sls:ipmsls:v:19:y:2010:1
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    File URL: http://www.csls.ca/ipm/19/IPM-19-vanark.pdf
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    References listed on IDEAS

    as
    1. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 249-283.
    2. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
    3. repec:dgr:rugggd:200363 is not listed on IDEAS
    4. Timmer, Marcel P. & Ypma, Gerard & Ark, Bart van der, 2003. "IT in the European Union: driving productivity divergence?," GGDC Research Memorandum 200363, Groningen Growth and Development Centre, University of Groningen.
    5. repec:pri:rpdevs:understanding_ppps_complete_with_abstract_14nov08.pdf is not listed on IDEAS
    6. Angus Deaton & Alan Heston, 2010. "Understanding PPPs and PPP-Based National Accounts," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 1-35, October.
    7. Ravallion, Martin, 2010. "Price levels and economic growth : making sense of the PPP changes between ICP rounds," Policy Research Working Paper Series 5229, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Gregory, Robert G., 2012. "Living standards, terms of trade and foreign ownership: reflections on the Australian mining boom," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(2), pages 1-30.
    2. Katharina van Treeck, 2020. "Measuring the Labor Income Share of Developing Countries: Lessons From Social Accounting Matrices," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(3), pages 584-612, September.
    3. Andrzej P. Dabkowski, 2011. "Entrepreneurship and Economic Growth: An Investigation into the Relationship between Entrepreneurship and Total Factor Productivity Growth in the EU," CASE Network Studies and Analyses 427, CASE-Center for Social and Economic Research.
    4. Christine Carmody, 2013. "Slowing Productivity Growth - A developed economy," Economic Roundup, The Treasury, Australian Government, issue 2, pages 57-78, December.
    5. Üngör, Murat, 2014. "Some thought experiments on the changes in labor supply in Turkey," Economic Modelling, Elsevier, vol. 39(C), pages 265-272.
    6. Francisco Javier ESCRIBA & María José MURGUI, 2014. "Time Varying Agglomeration Effects on Total Factor Productivity in Spanish Regions (1995-2008)," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(2).
    7. Murat Ungor, 2012. "A Production Function Method of Estimating the Output Gap," CBT Research Notes in Economics 1219, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    8. Salvatore, Dominick, 2010. "Growth or stagnation after recession for the U.S. and other large advanced economies," Journal of Policy Modeling, Elsevier, vol. 32(5), pages 637-647, September.
    9. Campbell, Susanna G. & Üngör, Murat, 2020. "Revisiting human capital and aggregate income differences," Economic Modelling, Elsevier, vol. 91(C), pages 43-64.
    10. Murat Üngör & M. Koray Kalafatcılar, 2014. "Productivity, Demographics, and Growth in Turkey: 2004-12," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 3(1), pages 23-56, January.
    11. Abdulla, Kanat, 2021. "Regional convergence and structural transformation in a resource-dependent country," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 548-557.
    12. Ms. Pritha Mitra & Amr Hosny & Gohar Abajyan & Mr. Mark Fischer, 2015. "Estimating Potential Growth in the Middle East and Central Asia," IMF Working Papers 2015/062, International Monetary Fund.

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    More about this item

    Keywords

    Productivity; Total-Factor Productivity; Cross-Country Comparison; Labour Productivity; EfficiencyLabour; Capital;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F00 - International Economics - - General - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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