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

Carmen López-Pueyo, Sara Barcenilla Visús, María Jesús Mancebón-Torrubia () and Jaime Sanaú Villarroya

EKONOMIAZ. Revista vasca de Economía, 2008, vol. 68, issue 02, 370-403

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.

Keywords: total factor productivity; technical change; efficiency change; Törnqvist; Malmquist (search for similar items in EconPapers)
JEL-codes: C32 C33 F43 O47 (search for similar items in EconPapers)
Date: 2008
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