Long‐run productivity trends: A global update with a global index

Jens J. Krüger

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

Abstract: This paper documents the results from a macroeconomic total factor productivity analysis with a special focus on disentangling efficiency change and technological change under variable returns to scale. A sample of 93 countries is investigated by nonparametric methods. For the measurement three variants of the Malmquist index (basic, biennial, and global) are used. Specific country groups and selected individual countries are examined. The results show that productivity development is mainly driven by the interplay of technological change and efficiency change with a reversal from a backward shifting frontier function until the mid‐1990s to an advancing frontier thereafter.

Date: 2024-01-23
New Economics Papers: this item is included in nep-eff and nep-ifn
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Published in Review of Development Economics 4 (2024-01-23) : pp. 1393-1412

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https://tuprints.ulb.tu-darmstadt.de/15653
https://www.rug.nl/ggdc/productivity/pwt/
https://doi.org/10.1111/rode.12699

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Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:142626

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