Items related to Productivity in Emerging Countries: Methodology and...

Productivity in Emerging Countries: Methodology and Firm-Level Analysis based on International Enterprise Business Surveys (Elements in the Economics of Emerging Markets) - Softcover

Escribano, Alvaro

 
9781108829441: Productivity in Emerging Countries: Methodology and Firm-Level Analysis based on International Enterprise Business Surveys (Elements in the Economics of Emerging Markets)
Softcover
ISBN 10: 1108829449 ISBN 13: 9781108829441
Publisher: Cambridge University Press, 2021

Synopsis

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 firm“s tfp, we are able to make meaningful cross-country firm“s 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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Publisher
Cambridge University Press
Publication date
2021
Language
English
ISBN 10 
1108829449
ISBN 13 
9781108829441
Binding
Paperback
Number of pages
116