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Productivity Growth across the World, 1991-2003

Author

Listed:
  • Kim, Sangho

    (Asian Development Bank)

  • Park, Donghyun

    (Asian Development Bank)

  • Park, Jong-Ho

    (Asian Development Bank)

Abstract

We apply a stochastic frontier production model to data from 53 countries during 1991–2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a decrease in productivity growth. Technical efficiency change significantly contributed to economic growth for many fast-growing countries, even though emerging economies still lag far behind developed countries in terms of technical efficiency

Suggested Citation

  • Kim, Sangho & Park, Donghyun & Park, Jong-Ho, 2010. "Productivity Growth across the World, 1991-2003," ADB Economics Working Paper Series 212, Asian Development Bank.
  • Handle: RePEc:ris:adbewp:0212
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    More about this item

    Keywords

    Stochastic frontier production model; economic growth; total factor productivity; technical efficiency; technical progress;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • 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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