Cherif, Reda.
Development Accounting and the Rise of TFP Reda Cherif. [electronic resource] / Reda Cherif. - Washington, D.C. : International Monetary Fund, 2010. - 1 online resource (32 p.) - IMF Working Papers; Working Paper ; No. 10/101 . - IMF Working Papers; Working Paper ; No. 10/101 .
The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income differences across countries steadily increased between 1970 and 2000. We verify that our finding is neither imputable to measurement errors in input factors nor dependent on the assumption of factor neutral differences in technology. We conclude that theories explaining cross-country income differences based on institutions or on forces that are constant over time, such as geography or legal origin, should be reconsidered in the light of their consistency with the rise of the explanatory power of TFP.
145198278X : 18.00 USD
1018-5941
10.5089/9781451982787.001 doi
Covariance
Development Accounting
Economic Growth
Explanatory Power
Income Differences
Logarithm
Development Accounting and the Rise of TFP Reda Cherif. [electronic resource] / Reda Cherif. - Washington, D.C. : International Monetary Fund, 2010. - 1 online resource (32 p.) - IMF Working Papers; Working Paper ; No. 10/101 . - IMF Working Papers; Working Paper ; No. 10/101 .
The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income differences across countries steadily increased between 1970 and 2000. We verify that our finding is neither imputable to measurement errors in input factors nor dependent on the assumption of factor neutral differences in technology. We conclude that theories explaining cross-country income differences based on institutions or on forces that are constant over time, such as geography or legal origin, should be reconsidered in the light of their consistency with the rise of the explanatory power of TFP.
145198278X : 18.00 USD
1018-5941
10.5089/9781451982787.001 doi
Covariance
Development Accounting
Economic Growth
Explanatory Power
Income Differences
Logarithm