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Dynamics of Total Factor Productivities

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  • Klaus NEUSSER

Abstract

[fre] Dynamics of Total Factor Productivities. . Cet article examine la dynamique de la productivité globale des facteurs sur une base sectorielle pour quatorze pays de l'OCDE. Après correction pour les biais de petit échantillon dans l'approche univariée, et en combinant la dimension en coupe et la dimension temporelle, il est établi que pratiquement toutes les séries suivent un processus intégré. Les interrelations sectorielles des productivités globales sont étudiées à l'aide d'une spécification à correction d'erreur. On trouve qu'une part importante de l'interaction transite par les niveaux de productivité, ce qui suggère l'hypothèse de convergence de la productivité globale entre les différents secteurs.. De plus, les interactions entre secteurs sont dominées par les évolutions 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 speci­fication. 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 Info

Paper provided by University of Vienna, Department of Economics in its series Vienna Economics Papers with number vie9206.

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Date of creation: Jun 1992
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Publication status: published in Revue �conomique 44 (1993).
Handle: RePEc:vie:viennp:vie9206

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Web page: http://www.univie.ac.at/vwl

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Cited by:
  1. David K. Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International Business Cycles: Theory and Evidence," Working Papers 93-21, New York University, Leonard N. Stern School of Business, Department of Economics.
  2. Ernesto Felli & Giovanni Tria, 1997. "Externalities, Cross-Sectoral Spillovers and Productivity Growth," Open Economies Review, Springer, vol. 8(2), pages 171-188, April.

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