Productivity convergence: theory and evidence
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
Cambridge Univ. Press
2014
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| Series: | Cambridge surveys of economic literature
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references (pages 465-492) and index |
| Physical Description: | XI, 524 S. graph. Darst. 24 cm |
| ISBN: | 9780521662840 9780521664417 |
Staff View
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Record in the Search Index
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| adam_text | Titel: Productivity convergence
Autor: Wolff, Edward N
Jahr: 2014
Contents
Acknowledgments page xi
1 Introduction 1
1.1 Scope ofthe Book 1
1.2 Factors Affecting Economic Growth 2
1.3 Why Is Productivity Growth Important? 10
1.4 Plan ofthe Book 31
2 An Overview of Modern Growth Theory 42
2.1 Introduction 42
2.2 Production Functions and Growth Accounting 43
2.3 R D and Technological Spillovers 46
2.4 Evolutionary, Schumpeterian, and Technology Gap Models 48
2.5 The Solow and MRW Growth Models and Factor-
Augmenting Technical Change 50
2.6 The Lucas (1988) and Romer (1990) Growth Models 54
2.7 Endogenous Growth Theory 56
2.8 Definitionsof Convergence 61
2.9 Econometric Issues 62
2.10 Data Sources and Methods 65
2.11 Summary 68
3 The Measurement and Estimation of Productivity Growth 70
3.1 Introduction 70
3.2 Theory of Productivity Growth 71
3.3 Econometric Estimation of Productivity Growth 78
3.4 Industry-Level and Country-Level Productivity Growth 95
3.5 How Do Wie Move from Data to Theory? 97
3.6 Physical Units versus Dollar Amounts 108
3.7 Physical Output versus Deflated Dollar Sales 113
3.8 Summary and Concluding Remarks 120
Long-Term Record among the Advanced Industrial Countries 124
4.1 Introduction 124
4.2 Convergence in Labor Productivity and Per Capita
Income 125
4.3 Convergence in Total Factor Productivity 134
4.4 Related Studies on Convergence in the Long Term 144
4.5 Convergence in the Very Long Term 148
4.6 Related Studies on Convergence in the Very Long Term 150
4.7 Summary and Concluding Remarks 154
Appendix to Chapter 4. Regression Analysis of Long-Term
Labor Productivity Trends 157
Postwar Record on Productivity Performance on the Aggregate
Level among the Advanced Industrial Countries 169
5.1 Introduction 169
5.2 Descriptive Statistics on TFP and Labor Productivity
Growth 171
5.3 Regression Analysis of Factors Affecting Postwar
Productivity Performance 175
5.4 Other Literature on the Convergence Process among
Advanced Countries 190
5.5 The Role of Science and Technology 192
5.6 The Role of International Trade and Foreign Direct
Investment (FDI) 194
5.7 Other Explanatory Factors 204
5.8 Concluding Comments 210
Further Details on the Role of Education and Technology
in the Productivity Performance among the Advanced
Industrial Countries 217
6.1 The Role of Education 217
6.2 Comparative Statistics among OECD Countries 223
6.3 Catch-Up Models 230
6.4 Human Capital Models 234
6.5 Interactions with Technical Change 237
6.6 The MRW Model 239
6.7 Other Literature on the Relation of Schooling and Growth 249
6.8 Concluding Remarks 254
Appendix to Chapter 6 262
7 Productivity Performance on the Industry Level among the
Advanced Industrial Countries 269
7.1 Sectoral Level Performance and Comparative Advantage 269
7.2 Labor Productivity Convergence by Industry 270
7.3 TFP Convergence by Industry 283
7.4 Other Literature on Sectoral Productivity Growth 300
7.5 Concluding Comments 303
Appendix to Chapter 7 305
8 The Productivity Slowdown 313
8.1 The Earlier Literature on the Productivity Slowdown 313
8.2 Measurement Issue in Defining Productivity 314
8.3 Magnitude ofthe Productivity Slowdown 316
8.4 Causes ofthe Slowdown 319
8.5 More Recent Literature on the Productivity Slowdown 333
8.6 An Evaluation of Past Research 336
9 Postwar Economic Performance among Countries ofthe World 341
9.1 Introduction 341
9.2 Postwar Convergence 345
9.3 The Role of Investment 352
9.4 Education and Productivity Convergence 357
9.5 International Trade and Foreign Direct Investment 361
9.6 The Role of Science and Technology 366
9.7 The Role of Other Factors 382
9.8 The Role of Income Inequality 395
9.9 The Role of Institutions 403
9.10 A Potpourri ofAdditional Factors 406
9.11 Africa, East Asia, and the Former Communist Bloc 414
9.12 Concluding Comments 418
Appendix to Chapter 9 420
10 Recapitulation and Future Prospects for Growth 430
10.1 Introduction 430
10.2 Patternsof Convergence 431
10.3 Strong Forces 436
10.4 Weak Forces 445
10.5 Lessons We Have Learned and Prospects for Future
Growth 454
Bibliography 465
Index 493
|
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| spelling | Wolff, Edward N. 1946- Verfasser (DE-588)128732326 aut Productivity convergence theory and evidence Edward N. Wolff New York, NY Cambridge Univ. Press 2014 XI, 524 S. graph. Darst. 24 cm txt rdacontent n rdamedia nc rdacarrier Cambridge surveys of economic literature Includes bibliographical references (pages 465-492) and index Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Produktivität (DE-588)4047364-8 gnd rswk-swf Produktivität (DE-588)4047364-8 s Wachstumstheorie (DE-588)4128160-3 s b DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027253574&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wolff, Edward N. 1946- Productivity convergence theory and evidence Wachstumstheorie (DE-588)4128160-3 gnd Produktivität (DE-588)4047364-8 gnd |
| subject_GND | (DE-588)4128160-3 (DE-588)4047364-8 |
| title | Productivity convergence theory and evidence |
| title_auth | Productivity convergence theory and evidence |
| title_exact_search | Productivity convergence theory and evidence |
| title_full | Productivity convergence theory and evidence Edward N. Wolff |
| title_fullStr | Productivity convergence theory and evidence Edward N. Wolff |
| title_full_unstemmed | Productivity convergence theory and evidence Edward N. Wolff |
| title_short | Productivity convergence |
| title_sort | productivity convergence theory and evidence |
| title_sub | theory and evidence |
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| topic_facet | Wachstumstheorie Produktivität |
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