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The Evolution of International Output Differences (1970-2000): From Factors to Productivity

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Author Info
Pedro Ferreira (Fundação Getulio Vargas)
Samuel Pessoa (Fundação Getulio Vargas)
Fernando Veloso (Ibmec Rio de Janeiro)

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Abstract

This article presents a group of exercises of level and growth decomposition of output per worker using cross-country data from 1970 to 2000. It is shown that in the early seventies factors of production (capital and education) were the main source of output dispersion across economies and that productivity variance was considerably smaller than in later years. Only after the mid-eighties did the prominence of productivity start to show up in the data, as the majority of the literature has found. The growth decomposition exercises show that the reversal of relative importance of productivity vis-Ã -vis factors is explained by the very good (bad) performance of productivity of fast- (slow-) growing economies. Although growth in the period, on average, is mostly due to factor accumulation, its variance is explained by productivity.

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Publisher Info
Article provided by Berkeley Electronic Press in its journal Topics in Macroeconomics.

Volume (Year): 8 (2008)
Issue (Month): 1 ()
Pages: 1578-1578
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Related research
Keywords: cross-country income inequality development accounting total factor productivity aggregate production function growth accounting

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Ferreira, Pedro Cavalcanti & Trejos, Alberto, 2008. "Trade in intermediate goods and total factor productivity," Economics Working Papers (Ensaios Economicos da EPGE) 676, Graduate School of Economics, Getulio Vargas Foundation (Brazil). [Downloadable!]
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