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Productivity Dynamics and Structural Change in the U.S. Manufacturing Sector

Author

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  • Jens J. Krüger

    (University of Jena, Faculty of Economics)

Abstract

The paper investigates structural change among the four-digit (SIC) industries of the U.S. manufacturing sector during 1958-96 within a distribution dynamics framework. Focus is on the transition density of the Markov process that characterizes the value added shares of the industries. This transition density is estimated nonparametrically as well as by maximum likelihood, in which case the functional form of the density is derived from a search theoretic model. The nonparametric and the maximum likelihood fits show striking similarities. The relation of structural change to a relative measure of total factor productivity change is tested by an application of quantile regression and is found to be significantly positive throughout.

Suggested Citation

  • Jens J. Krüger, 2004. "Productivity Dynamics and Structural Change in the U.S. Manufacturing Sector," Jenaer Schriften zur Wirtschaftswissenschaft (Expired!) 30/2004, Friedrich Schiller University of Jena, School of of Economics and Business Administration.
    • Handle: RePEc:jen:jenasw:2004-30
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    Cited by:

    1. is not listed on IDEAS
    2. Juan R. Cuadrado-Roura & Andres Maroto-Sanchez, 2011. "Regional productivity growth in European countries. The role of services," ERSA conference papers ersa10p163, European Regional Science Association.
    3. Wen‐Min Lu & Shih‐Fang Lo & Shiu‐Wan Hung & Jung Yo, 2023. "Semiconductor industry supply chain productivity changes: Incorporating corporate green performances," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(8), pages 4232-4247, December.
    4. Maroto-Sánchez, Andrés & Cuadrado-Roura, Juan R., 2009. "Is growth of services an obstacle to productivity growth? A comparative analysis," Structural Change and Economic Dynamics, Elsevier, vol. 20(4), pages 254-265, December.

    More about this item

    Keywords

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    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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