Premium
Long‐run productivity trends: A global update with a global index
Author(s) -
Krüger Jens J.
Publication year - 2020
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/rode.12699
Subject(s) - economics , frontier , productivity , index (typography) , malmquist index , technological change , total factor productivity , nonparametric statistics , sample (material) , econometrics , technical change , variable (mathematics) , returns to scale , function (biology) , scale (ratio) , economic geography , macroeconomics , production (economics) , geography , mathematics , computer science , mathematical analysis , chemistry , archaeology , chromatography , world wide web , cartography , evolutionary biology , biology
This paper documents the results from a macroeconomic total factor productivity analysis with a special focus on disentangling efficiency change and technological change under variable returns to scale. A sample of 93 countries is investigated by nonparametric methods. For the measurement three variants of the Malmquist index (basic, biennial, and global) are used. Specific country groups and selected individual countries are examined. The results show that productivity development is mainly driven by the interplay of technological change and efficiency change with a reversal from a backward shifting frontier function until the mid‐1990s to an advancing frontier thereafter.