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Accounting for Productivity Growth in Norwegian Manufacturing Industries 1927-1959

Author

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  • Klovland, J.T.

Abstract

This paper presents estimates of total factor productivity growth for 55 manufacturing industries over the period 1927 to 1959. The long-run rate of growth in TFB is about 1 per cent per year for total manufacturing, but there are considerable variations in TFP growth rates acros industries and over time. For total manufacturing the TFP growth rate was higher in the 1930s than in the 1950s. The first half of the 1950s are characterized by a high rate of output expansion but a marked slowdown in TFP growth, particularly in the export-oriented industries. Is is conjectured that TFP growth in the early 1950s was negatively affected by government regulations and overinvestment in real capital.

Suggested Citation

  • Klovland, J.T., 1999. "Accounting for Productivity Growth in Norwegian Manufacturing Industries 1927-1959," Papers 21/99, Norwegian School of Economics and Business Administration-.
  • Handle: RePEc:fth:norgee:21/99
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    Citations

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    Cited by:

    1. Gunnar Bårdsen & Jurgen Doornik & Jan Tore Klovland, 2004. "A European-type wage equation from an American-style labor market: Evidence from a panel of Norwegian manufacturing industries in the 1930s," Working Paper 2004/8, Norges Bank.
    2. Gunnar Bårdsen & Jurgen A. Doornik & Jan Tore Klovland, 2010. "Wage Formation and Bargaining Power during the Great Depression," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(1), pages 211-233, March.

    More about this item

    Keywords

    ECONOMIC HISTORY ; PRODUCTIVITY ; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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