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- Convergence In Oecd Countries: Technical Change, Efficiency And Productivity

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Author Info

  • Joaquín Maudos Villarroya

    (Instituto Valenciano de Investigaciones Económicas)

  • José Manuel Pastor Monsálvez

    (Universitat de València)

  • Lorenzo Serrano Martínez

    (Universitat de València)

Abstract

The aim of this study is to analyze labor productivity convergence in the countries of the OECD over the period 1965-90. A non-parametric frontier approach is used to calculate the Malmquist productivity index. By breaking it down, the contribution to the growth of labor productivity of technical progress, of changes in efficiency, and of the accumulation of inputs per worker are quantified. Unlike other studies, the results obtained show that technical change has worked against labor productivity convergence, since it has always been greater in the countries with higher labor productivity. El trabajo tiene como objetivo básico analizar la contribución de las distintas fuentes del crecimiento a la convergencia en productividad del trabajo en los países de la OCDE en el periodo 1965-90. Más concretamente, y utilizando dos aproximaciones frontera distintas (índices de productividad de Malmquist y un enfoque de frontera estocástica), se distingue la contribución del cambio técnico y de los cambios de eficiencia a la convergencia en productividad del trabajo. Los resultados obtenidos contradicen los obtenidos en otros trabajos que utilizan aproximaciones no frontera a la medición de la productividad, rechazándose la existencia de convergencia tecnológica, dado que el progreso técnico ha sido mayor en los países con mayor productividad del trabajo.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-1998-21.pdf
File Function: Fisrt version / Primera version, 1998
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 1998-21.

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Length: 32 pages
Date of creation: Oct 1998
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:1998-21

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Related research

Keywords: Convergencia; cambio técnico; eficiencia; índice Malmquist de productividad Convergence; technical change; efficiency; Malmquist productivity index;

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References

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  1. Baumol, William J & Wolff, Edward N, 1988. "Productivity Growth, Convergence, and Welfare: Reply," American Economic Review, American Economic Association, vol. 78(5), pages 1155-59, December.
  2. Bernard, A.B. & Jones, C.I., 1993. "Productivity Across Industries and Countries: Time Series Theory and Evidence," Working papers 93-17, Massachusetts Institute of Technology (MIT), Department of Economics.
  3. Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
  4. Grifell-Tatje, E. & Lovell, C. A. K., 1997. "The sources of productivity change in Spanish banking," European Journal of Operational Research, Elsevier, vol. 98(2), pages 364-380, April.
  5. Fare, Rolf & Knox Lovell, C. A., 1978. "Measuring the technical efficiency of production," Journal of Economic Theory, Elsevier, vol. 19(1), pages 150-162, October.
  6. Taskin, Fatma & Zaim, Osman, 1997. "Catching-up and innovation in high- and low-income countries," Economics Letters, Elsevier, vol. 54(1), pages 93-100, January.
  7. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
  8. Joaquín Maudos Villarroya & José Manuel Pastor Monsálvez & Lorenzo Serrano Martínez, 1997. "Convergencia en las regiones españolas: cambio técnico, eficiencia y productividad," Working Papers. Serie EC 1997-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  9. Perelman, Sergio, 1995. "R&D, Technological Progress and Efficiency Change in Industrial Activities," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 41(3), pages 349-66, September.
  10. Abramovitz, Moses, 1990. "The Catch-Up Factor in Postwar Economic Growth," Economic Inquiry, Western Economic Association International, vol. 28(1), pages 1-18, January.
  11. Bernard, Andrew B & Jones, Charles I, 1996. "Technology and Convergence," Economic Journal, Royal Economic Society, vol. 106(437), pages 1037-44, July.
  12. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-85, December.
  13. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
  14. Fare, Rolf & Shawna Grosskopf & Mary Norris & Zhongyang Zhang, 1994. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries," American Economic Review, American Economic Association, vol. 84(1), pages 66-83, March.
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Citations

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Cited by:
  1. Dimitris Margaritis & Rolf Färe & Shawna Grosskopf, 2007. "Productivity, convergence and policy: a study of OECD countries and industries," Journal of Productivity Analysis, Springer, vol. 28(1), pages 87-105, October.
  2. Zofío, José Luis, 2006. "Malmquist Productivity Index Decompositions: A Unifying Framework," Working Papers in Economic Theory 2006/12, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
  3. Los, Bart & Timmer, Marcel P., 2001. "The 'appropriate technology' explanation of productivity growth differentials: an empirical approach," CCSO Working Papers 200112, University of Groningen, CCSO Centre for Economic Research.
  4. López-Pueyo, Carmen & Mancebón, María-Jesús, 2010. "Innovation, accumulation and assimilation: Three sources of productivity growth in ICT industries," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 268-285, March.
  5. Joaquín Maudos Villarroya & José Manuel Pastor Monsálvez & Lorenzo Serrano Martínez, 1998. "- Human Capital In Oecd Countries: Technical Change, Efficency And Productivity," Working Papers. Serie EC 1998-19, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  6. Kerstin Enflo & Per Hjertstrand, 2009. "Relative Sources of European Regional Productivity Convergence: A Bootstrap Frontier Approach," Regional Studies, Taylor and Francis Journals, vol. 43(5), pages 643-659.
  7. Carlos Barros, 2002. "Development and conflict in the Balkans: Catch-up and military expenditure," Defence and Peace Economics, Taylor and Francis Journals, vol. 13(5), pages 353-363.
  8. Joaquin Maudos & Jose Pastor & Lorenzo Serrano, 2000. "Efficiency and Productive Specialization: An Application to the Spanish Regions," Regional Studies, Taylor and Francis Journals, vol. 34(9), pages 829-842.
  9. George Emmanuel Halkos & Nickolaos Tzeremes, 2010. "Measuring regional economic efficiency: the case of Greek prefectures," The Annals of Regional Science, Springer, vol. 45(3), pages 603-632, December.
  10. Xiangfei Xin & Fu Qin, 2011. "Decomposition of agricultural labor productivity growth and its regional disparity in China," China Agricultural Economic Review, Emerald Group Publishing, vol. 3(1), pages 92-100, January.
  11. Sergio Destefanis & Vania Sena, 2005. "Public capital and total factor productivity: New evidence from the Italian regions, 1970-98," Regional Studies, Taylor and Francis Journals, vol. 39(5), pages 603-617.
  12. Altug, Sumru G. & Filiztekin, Alpay & Pamuk, Sevket, 2007. "The Sources of Long-term Economic Growth for Turkey, 1880-2005," CEPR Discussion Papers 6463, C.E.P.R. Discussion Papers.
  13. Xin, Xiangfei & Qin, Fu, 2009. "Decomposition of Agricultural Labor Productivity Growth and its Regional Disparity in China," 2009 Conference, August 16-22, 2009, Beijing, China 51047, International Association of Agricultural Economists.
  14. Roberto Ezcurra & Belén Iráizoz, 2009. "Spatial inequality in the European Union: does regional efficiency matter?," Economics Bulletin, AccessEcon, vol. 29(4), pages 2648-2655.
  15. Carlos Pestana Barros, 2002. "Small countries and the consolidation of the European defence industry: Portugal as a case study," Defence and Peace Economics, Taylor and Francis Journals, vol. 13(4), pages 311-319.
  16. Alexander Schiersch & Heike Belitz & Martin Gornig, 2012. "Is Technical Progress Sectorally Concentrated?: An Empirical Analysis for Western European Countries," Discussion Papers of DIW Berlin 1217, DIW Berlin, German Institute for Economic Research.
  17. Azofra, Valentín & Santamaría, Marcos, 2011. "Ownership, control, and pyramids in Spanish commercial banks," Journal of Banking & Finance, Elsevier, vol. 35(6), pages 1464-1476, June.
  18. Unal Zenginobuz & Sumru Altug, 2009. "What has been the Role of Investment in Turkey's Growth Performance?," Working Papers 2009/02, Bogazici University, Department of Economics.
  19. Mª Jesús Delgado Rodríguez & Inmaculada Álvarez Ayuso, 2003. "Comparación de la Eficiencia Técnica de los Sectores Productivos Regionales: 1980-1995"," Documentos del Instituto Complutense de Análisis Económico 0305, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales.

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