Productivity in Emerging Countries

Methodology and Firm-Level Analysis based on International Enterprise Business Surveys

Productivity in Emerging Countries
Alvaro Escribano, Jorge Pena
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Paperback
h229 x 152mm - 75pg
17 Jun 2021 UK
International import eta 7-19 days
9781108829441
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Emerging countries are increasingly concerned with improving their competitiveness and productivity. This Element develops a robust econometric methodology, based on controlling for usual unobservable effects at the firm or plant level. By robust empirical results in total factor productivity (TFP), we mean estimating investment climate (IC) elasticities, or semi-elasticities, with equal signs and similar magnitudes for more than ten different competing TFP measures. The key to achieve similar empirical results for several TFP measures is to avoid having a problem omitted variables, achieved through imputation of large proportions of missing observations in relevant variables (i. e. the capital stock). Furthermore through the use of a new concept of aggregate TFP (tfpIC), that measures the associated IC effects on firms tfp, we are able to make meaningful cross-country firms level productivity comparisons, avoiding the usual problem of comparing ' apples with oranges' that would otherwise occur if we directly compare country' s TFP measurements.

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Productivity in Emerging Countries: Methodology and Firm-Level Analysis based on International Enterprise Business Surveys

Status: Active
ISBN-13: 9781108829441
Published: 17 Jun 2021
Published In: United Kingdom
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Format: Paperback
Height: 229mm
Width: 152mm
Spine: 6mm
Weight: 167g
Pages: 75

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