EconPapers    
Economics at your fingertips  
 

Growth Factors in Developed Countries: A 1960–2019 Growth Accounting Decomposition

Gilbert Cette, Aurélien Devillard () and Vincenzo Spiezia
Additional contact information
Aurélien Devillard: NEOMA - Neoma Business School, Centre de recherche de la Banque de France - Banque de France

Post-Print from HAL

Abstract: Using a new and original database, our paper contributes to the growth accounting literature with three original aspects: First, it covers a long period from the early 60's to 2019, just before the COVID-19 crisis; second, it analyzes a large set of economies (30 plus the Euro Area) at the country level; finally, it singles out the growth contribution of information and communications technologies (ICTs) capital as well as robots. Our findings show that the main drivers of labor productivity growth over the whole 1960–2019 period appear to have been education, total factor productivity (TFP), non-ICT and non-robot capital deepening. The relative contribution of ICT capital is found to be declining from the mid-2000s, although our country-level economy dataset does not make it possible to estimate the TFP contribution of ICTs. The contribution of robots to productivity growth through capital deepening and TFP appears to be significant in Germany and Japan in the sub-period 1975–1995, in France and Italy in 1995–2005, and in several Eastern European countries in 2005–2019. Our findings also confirm the slowdown in TFP in most countries from at least 1995 onwards. This slowdown is mainly accounted for by a decrease in the contributions of non-ICT non-robot capital deepening and TFP.

Keywords: Growth; Productivity; ICTs; Robots (search for similar items in EconPapers)
Date: 2022-06
New Economics Papers: this item is included in nep-eff, nep-gro, nep-his and nep-ict
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-03548198
References: Add references at CitEc
Citations:

Published in Comparative Economic Studies, 2022, 64 (2), pp.159-185. ⟨10.1057/s41294-021-00170-3⟩

Downloads: (external link)
https://amu.hal.science/hal-03548198/document (application/pdf)

Related works:
Journal Article: Growth Factors in Developed Countries: A 1960–2019 Growth Accounting Decomposition (2022) Downloads
Working Paper: Growth factors in developed countries: A 1960-2019 growth accounting decomposition (2020) Downloads
Working Paper: Growth factors in developed countries: A 1960-2019 growth accounting decomposition (2020) Downloads
Working Paper: Growth factors in developed countries: A 1960-2019 growth accounting decomposition (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03548198

DOI: 10.1057/s41294-021-00170-3

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-22
Handle: RePEc:hal:journl:hal-03548198