Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS:
Recent OECD research has utilised harmonised cross-country firm level data to explore the contribution of public policies to cross-country differences in productivity, innovation and resource allocation. This paper describes the steps taken to and the trade-offs involved in constructing firm-level t...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1049 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Recent OECD research has utilised harmonised cross-country firm level data to explore the contribution of public policies to cross-country differences in productivity, innovation and resource allocation. This paper describes the steps taken to and the trade-offs involved in constructing firm-level total factor productivity (TFP) measures using ORBIS, a cross-country longitudinal firm-level database available from Bureau van Dijk, an electronic publishing firm. First, it shows that not all productivity measures can be calculated using readily available variables for all countries, and presents possible solutions to this problem by using imputations for certain variables. Second, it assesses the accuracy of these imputations on a set of countries where the available data in ORBIS provides a good coverage, for a wide range of TFP measures. Indeed, an extensive comparison of the actual and the imputed values of TFP for those countries suggests that TFP measures using imputations provide a reasonable approximation for the "true" values. Furthermore, to improve representativeness, resampling weights are constructed - which help correcting for the underrepresentation of small firms - while for the sake of international comparability, industry-level PPP conversions are also applied. Finally, as a plausibility check and to illustrate the potential of the database, the paper explores the country-composition of the globally most productive firms, the forces of convergence to the productivity frontier and the impact of regulation on productivity growth, in a sample of 18 OECD countries. |
| Beschreibung: | 1 Online-Ressource (58 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k46dsb25ls6-en |
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| spelling | Gal, Peter N... VerfasserIn aut Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS Peter N., Gal = Mesurer la productivité totale des facteurs au niveau de l'entreprise à l'aide de la base de données OCDE-ORBIS / Peter N., Gal Mesurer la productivité totale des facteurs au niveau de l'entreprise à l'aide de la base de données OCDE-ORBIS Paris OECD Publishing 2013 1 Online-Ressource (58 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1049 Recent OECD research has utilised harmonised cross-country firm level data to explore the contribution of public policies to cross-country differences in productivity, innovation and resource allocation. This paper describes the steps taken to and the trade-offs involved in constructing firm-level total factor productivity (TFP) measures using ORBIS, a cross-country longitudinal firm-level database available from Bureau van Dijk, an electronic publishing firm. First, it shows that not all productivity measures can be calculated using readily available variables for all countries, and presents possible solutions to this problem by using imputations for certain variables. Second, it assesses the accuracy of these imputations on a set of countries where the available data in ORBIS provides a good coverage, for a wide range of TFP measures. Indeed, an extensive comparison of the actual and the imputed values of TFP for those countries suggests that TFP measures using imputations provide a reasonable approximation for the "true" values. Furthermore, to improve representativeness, resampling weights are constructed - which help correcting for the underrepresentation of small firms - while for the sake of international comparability, industry-level PPP conversions are also applied. Finally, as a plausibility check and to illustrate the potential of the database, the paper explores the country-composition of the globally most productive firms, the forces of convergence to the productivity frontier and the impact of regulation on productivity growth, in a sample of 18 OECD countries. Economics Industry and Services FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k46dsb25ls6-en Volltext |
| spellingShingle | Gal, Peter N.. Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS Economics Industry and Services |
| title | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS |
| title_alt | Mesurer la productivité totale des facteurs au niveau de l'entreprise à l'aide de la base de données OCDE-ORBIS |
| title_auth | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS |
| title_exact_search | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS |
| title_full | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS Peter N., Gal = Mesurer la productivité totale des facteurs au niveau de l'entreprise à l'aide de la base de données OCDE-ORBIS / Peter N., Gal |
| title_fullStr | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS Peter N., Gal = Mesurer la productivité totale des facteurs au niveau de l'entreprise à l'aide de la base de données OCDE-ORBIS / Peter N., Gal |
| title_full_unstemmed | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS Peter N., Gal = Mesurer la productivité totale des facteurs au niveau de l'entreprise à l'aide de la base de données OCDE-ORBIS / Peter N., Gal |
| title_short | Measuring Total Factor Productivity at the Firm Level using OECD-ORBIS |
| title_sort | measuring total factor productivity at the firm level using oecd orbis |
| topic | Economics Industry and Services |
| topic_facet | Economics Industry and Services |
| url | https://doi.org/10.1787/5k46dsb25ls6-en |
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