Abstract
November 01 2017 Comments by Kozo Kiyota, on The Global Productivity Slump: Common and Country-Specific Factors Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2017 by the Asian Economic Panel and the Massachusetts Institute of Technology2017Massachusetts Institute of Technology Asian Economic Papers (2017) 16 (3): 44–45. https://doi.org/10.1162/asep_a_00546 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments by Kozo Kiyota, on The Global Productivity Slump: Common and Country-Specific Factors. Asian Economic Papers 2017; 16 (3): 44–45. doi: https://doi.org/10.1162/asep_a_00546 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Kozo Kiyota: This paper investigates the common and country-specific factors of the global total factor productivity (TFP) slowdown, which is defined as the period when the growth rate of TFP was at least 1.0 percentage point (or 1.5 percentage points) lower in the second period than the first. One of the contributions of this paper is that the analysis utilized a large sample of countries and years, covering both developed and developing countries from the mid 1950s to 2011. The analysis is based on a probit or logit model where the dependent variable takes the value of one for the three years centered on the year when a TFP slump begins. The TFP data come from the Penn World Tables, version 8.1. Focusing on such factors as the changes in terms of trade and those in the energy prices, the analysis presents three major findings. First, between the mid 1950s... You do not currently have access to this content.
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