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

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Elements in the Economics of Emerging Markets
Release date:	June 2021
Authors:	Alvaro Escribano • Jorge Pena
Dimensions:	225 x 150 x 10mm (L x W x T)
Format:	Paperback - Trade
Pages:	75
ISBN-13:	978-1-108-82944-1
Categories:	Books > Business & Economics > Economics > General
LSN:	1-108-82944-9
Barcode:	9781108829441

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