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Productivity Growth across the World, 1991-2003

  • Kim, Sangho

    (Asian Development Bank)

  • Park, Donghyun

    (Asian Development Bank)

  • Park, Jong-Ho

    (Asian Development Bank)

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    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

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    Paper provided by Asian Development Bank in its series ADB Economics Working Paper Series with number 212.

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    Length: 24 pages
    Date of creation: Aug 2010
    Date of revision:
    Handle: RePEc:ris:adbewp:0212
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