Productivity in the OECD Countries: A Critical Appraisal of the Evidence

June 1, 2001

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Format: Chicago

César Calderón. Productivity in the OECD Countries: A Critical Appraisal of the Evidence, (USA: International Monetary Fund, 2001) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The failure of the neoclassical growth model to account for differences in output per worker across countries has suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review of the theoretical and empirical issues regarding the determinants of cross-country productivity differentials.

Subject: Human capital, Labor, Labor productivity, Production, Productivity, Total factor productivity

Keywords: Capital, Cross-country productivity differentials, Economic growth, Growth differences stem, Human capital, Labor productivity, Long-run productivity fluctuation, Market economy TFP, Productivity, Productivity difference, Productivity differential, Productivity gain, Productivity gap, Productivity growth, Productivity level, Productivity slowdown, TFP calculation, TFP measurement, Total factor productivity, Total factor productivity (TFP), Trade policy, Value-added-productivity comparison, WP

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2001/089
Stock No:

WPIEA0892001
ISBN:

9781451851281
ISSN:

1018-5941

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