Productivity of Nations : A Stochastic Frontier Approach to TFP Decomposition
Joint Authors
Garcia, Fernando
Pires, Jorge Oliveira
Source
Economics Research International
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-19, 19 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-03-07
Country of Publication
Egypt
No. of Pages
19
Main Subjects
Abstract EN
This paper tackles the problem of aggregate TFP measurement using stochastic frontier analysis.
We estimate a world production frontier for a sample of 75 countries over a long period.
The “Bauer-Kumbhakar” decomposition of TFP is applied to a smaller sample in order to evaluate the effects of changes in efficiency (technical and allocative), scale effects, and technical change.
Estimated technical efficiency scores are compared to productivity indexes offered by nonfrontier studies.
We conclude that differences in productivity are responsible for virtually all the differences of growth performance between developed and developing nations and that a large part of this is due to allocative efficiency.
American Psychological Association (APA)
Pires, Jorge Oliveira& Garcia, Fernando. 2012. Productivity of Nations : A Stochastic Frontier Approach to TFP Decomposition. Economics Research International،Vol. 2012, no. 2012, pp.1-19.
https://search.emarefa.net/detail/BIM-482810
Modern Language Association (MLA)
Pires, Jorge Oliveira& Garcia, Fernando. Productivity of Nations : A Stochastic Frontier Approach to TFP Decomposition. Economics Research International No. 2012 (2012), pp.1-19.
https://search.emarefa.net/detail/BIM-482810
American Medical Association (AMA)
Pires, Jorge Oliveira& Garcia, Fernando. Productivity of Nations : A Stochastic Frontier Approach to TFP Decomposition. Economics Research International. 2012. Vol. 2012, no. 2012, pp.1-19.
https://search.emarefa.net/detail/BIM-482810
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-482810