Productivity in the OECD Countries: A Critical Appraisal of the Evidence

César Calderón

No 2001/089, IMF Working Papers from International Monetary Fund

Abstract: The failure of the neoclassical growth model to account for differences in output per worker across countries has suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review of the theoretical and empirical issues regarding the determinants of cross-country productivity differentials.

Keywords: WP; productivity growth; capital; trade policy; Economic growth; total factor productivity (TFP); cross-country productivity differentials; productivity level; growth differences stem; long-run productivity fluctuation; value-added-productivity comparison; productivity difference; productivity slowdown; productivity gain; productivity differential; productivity gap; market economy TFP; TFP calculation; TFP measurement; Productivity; Total factor productivity; Labor productivity; Human capital (search for similar items in EconPapers)
Pages: 27
Date: 2001-06-01
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