Some new international comparisons of productivity performance at the sectoral level
Authors: Malley, Jim; Muscatelli, Anton; Woitek, Ulrich
Source: Journal of the Royal Statistical Society: Series A (Statistics in Society), Volume 166, Number 1, February 2003 , pp. 85-104(20)
We present several new measures of gross-output-based total factor productivity (TFP) at the sectoral level for manufacturing industries in the G-7 economies. We calculate measures of both TFP growth and comparative levels. These are obtained by combining conventional Organisation for Economic Co-operation and Development sectoral data on labour and capital inputs with data on intermediate inputs from national input–output tables. Additionally, we derive cyclically corrected measures of TFP growth. Our evidence shows that the considerable gap in TFP between the USA and other G-7 economies is closing but remains significant.
Document Type: Research Article
Affiliations: University of Glasgow, UK
Publication date: February 1, 2003