Document Type

Journal Article

Department/Unit

Department of Economics

Title

What explains the total factor productivity gap between OECD economies and the U.S.?

Language

English

Abstract

Since 2000, the total factor productivity (TFP) in most of the OECD economies relative to the United States has been declining. This article develops an empirical model to study the linkages between relative differences in TFP gap and relative differences in fundamental factors (factor gaps). Using panel data for 33 OECD countries, it finds that the machinery and equipment investment gap, the gap in information and communication technology penetration related to mobile phone subscriptions, the economic globalization gap and the institutional quality gap explain significantly the TFP gap between the OECD economies and the United States during 2000–2011.

Keywords

aggregate productivity, globalization, OECD, productivity gap, TFP, Total factor productivity

Publication Date

8-7-2016

Source Publication Title

Applied Economics

Volume

48

Issue

32

Start Page

3005

End Page

3019

Publisher

Taylor & Francis

Peer Reviewed

1

DOI

10.1080/00036846.2015.1133898

ISSN (print)

00036846

ISSN (electronic)

14664283

This document is currently not available here.

Share

COinS