Using the Manufacturing Productivity Distribution to Evaluate Growth Theories
Jens Krüger ()
No 16/2004, Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) from Friedrich Schiller University of Jena, School of of Economics and Business Administration
Abstract:
Some multi-sector endogenous growth models make strong predictions about productivity differences across sectors in the form of a distribution or density function. In this paper it is demonstrated that this distribution is left-skewed for a wide range of plausible parameter values. This stands in strong contrast to the right-skewed shape of the respective empirical distribution estimated by kernel methods for a measure of relative productivity for more than 450 four-digit U.S. manufacturing industries during 1958-96. This difference is interpreted as evidence in favor of devoting more emphasis on the effects of structural change on the sectoral level in growth models.
Keywords: multisector growth models; manufacturing productivity distribution; skewness (search for similar items in EconPapers)
JEL-codes: D24 L60 O47 (search for similar items in EconPapers)
Date: 2004-06
New Economics Papers: this item is included in nep-dev
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Persistent link: https://EconPapers.repec.org/RePEc:jen:jenasw:2004-16
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