Data and code for: "World Productivity: 1996 - 2014"

Principal Investigator(s):  View help for Principal Investigator(s) Mehrdad Esfahani, Arizona State University; John Fernald, INSEAD; Bart Hobijn, Federal Reserve Bank of Chicago

Version:  View help for Version V1

Name File Type Size Last Modified
  STAN 07/28/2023 02:52:AM
  classes 11/26/2023 08:24:PM
  data 07/28/2023 02:27:AM
README.pdf application/pdf 393.1 KB 11/26/2023 03:33:PM
WorldTFP_master.py text/x-python 4.4 KB 07/27/2023 10:54:PM
WorldTFPcalculations_EU.py text/x-python 9.6 KB 07/27/2023 08:51:PM
WorldTFPcalculations_PPP.py text/x-python 19 KB 07/27/2023 08:51:AM
WorldTFPcalculations_markups.py text/x-python 17.6 KB 07/17/2023 09:44:AM
WorldTFPcalculations_nomarkups.py text/x-python 32.4 KB 07/17/2023 09:25:AM
environment from scratch.txt text/plain 243 bytes 11/26/2023 03:58:PM

Project Citation: 

Esfahani, Mehrdad, Fernald, John, and Hobijn, Bart. Data and code for: “World Productivity: 1996 - 2014.” Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-06-17. https://doi.org/10.3886/E187401V1

Project Description

Summary:  View help for Summary
We use a new growth accounting method to quantify the drivers of world total factor productivity (TFP) growth during 1996-2014 and uncover four main results. World productivity growth is volatile from year to year. This mainly reflects reallocation of labor across country-industries. The contribution of country-industry level productivity growth to world productivity is relatively constant over time. This constancy masks that the increased importance of emerging economies offset a productivity slowdown in advanced economies. After 2008, this offsetting effect dissipated and world TFP growth declined. These conclusions are robust to the inclusion of markups in the analysis.

Scope of Project

Subject Terms:  View help for Subject Terms Growth accounting; Productivity; Word Economy
JEL Classification:  View help for JEL Classification
      F43 Economic Growth of Open Economies
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
      O50 Economywide Country Studies: General
Geographic Coverage:  View help for Geographic Coverage Cross-country
Time Period(s):  View help for Time Period(s) 1/1/1996 – 12/31/2014
Universe:  View help for Universe Countries and industries
Data Type(s):  View help for Data Type(s) aggregate data
Collection Notes:  View help for Collection Notes This project uses publicly available annual data on output and inputs by industry in a large set of countries.

Methodology

Unit(s) of Observation:  View help for Unit(s) of Observation Country-industry-year

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Published Versions

V1 [2024-06-17]

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