Dynamics of Total Factor Productivities
Abstract[fre] Dynamics of Total Factor Productivities. . Cet article examine la dynamique de la productivitÃ© globale des facteurs sur une base sectorielle pour quatorze pays de l'OCDE. AprÃ¨s correction pour les biais de petit Ã©chantillon dans l'approche univariÃ©e, et en combinant la dimension en coupe et la dimension temporelle, il est Ã©tabli que pratiquement toutes les sÃ©ries suivent un processus intÃ©grÃ©. Les interrelations sectorielles des productivitÃ©s globales sont Ã©tudiÃ©es Ã l'aide d'une spÃ©cification Ã correction d'erreur. On trouve qu'une part importante de l'interaction transite par les niveaux de productivitÃ©, ce qui suggÃ¨re l'hypothÃ¨se de convergence de la productivitÃ© globale entre les diffÃ©rents secteurs.. De plus, les interactions entre secteurs sont dominÃ©es par les Ã©volutions des secteurs des services et des administrations publiques. [eng] Dynamics of total factor productivities. . The paper examines the dynamics of total factor productivities (TFP's) for 14 OECD countries on a sectoral basis. Correcting for small sample bias in the univariate approach and combining the cross section and time series dimension in a random fields approach, it is established that practically all series are better characterized as integrated processes. The interrelation between TFP's across sectors is analyzed through an error correction speciÂfication. It is found that an important part of the interaction works through level effects suggesting convergence of TFP's across sectors. Moreover, interactions across sectors are partly driven by developments in the service and government sectors.
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 44 (1993)
Issue (Month): 2 ()
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- Ernesto Felli & Giovanni Tria, 1997. "Externalities, Cross-Sectoral Spillovers and Productivity Growth," Open Economies Review, Springer, vol. 8(2), pages 171-188, April.
- David K. Backus & Patrick J. Kehoe & Finn E. Kydland, 1993.
"International Business Cycles: Theory and Evidence,"
93-21, New York University, Leonard N. Stern School of Business, Department of Economics.
- David Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International Business Cycles: Theory and Evidence," NBER Working Papers 4493, National Bureau of Economic Research, Inc.
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