Productivity in the OECD Countries: A Critical Appraisal of the Evidence
27 Pages Posted: 31 Jan 2006
Date Written: June 2001
Abstract
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.
Keywords: Economic growth, total factor productivity (TFP), cross-country productivity differentials
JEL Classification: O40, O47, O52
Suggested Citation: Suggested Citation
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