ABSTRACT: The release of the Penn World Table version 10.0 is the fifth release since the switch to the ‘Next Generation of the Penn World Table’, see Feenstra, Inklaar and Timmer (2015). PWT 10.0 is a database with information on relative levels of income, output, input and productivity, covering 183 countries between 1950 and 2019. Continue reading “Working Paper: What is new in PWT 10.0?”
Evidence from the United States
Historically, productivity growth was not all about high tech sectors and research and development (R&D) expenditure. A new study published The Economic Journal finds that the great majority of productivity originated in other, more ‘run-of-the-mill’ industries. Continue reading “Column: Historical Productivity Growth from Run of the Mill Industries”
ABSTRACT: The role of physical capital is typically found to be limited in accounting for differences in GDP per worker, but this result may be because capital is customarily assumed to be a homogenous unit. This assumption is misleading, Continue reading “Article: The Composition of Capital and Cross-country Productivity Comparisons”
The United States, 1899-1941
ABSTRACT: We develop new aggregate TFP growth estimates for the United States between 1899 and 1941, and sectoral estimates at the most disaggregated level so far, 38 industries. We include hard-to-measure services, and a refined measure of sectoral labour quality growth. Continue reading “Article: The Sources of Growth in a Technologically Progressive Economy”
ABSTRACT: The release of the Penn World Table version 9.1 is the fourth release since the switch to the ‘Next Generation of the Penn World Table’, see Feenstra, Inklaar and Timmer (2015). PWT 9.1 does contain important new and revised data. Continue reading “Working Paper: What is new in PWT 9.1?”
ABSTRACT: This document describes the sources and methods used for estimation of data on capital stocks and employment variables for the 43 countries included in the WIOD 2016 database, called the Socio-Economic Accounts (SEAs). Continue reading “Working Paper: WIOD Socio-Economic Accounts 2016”
Frontier Analysis
ABSTRACT: A great deal of research in economics and business is devoted to the study of efficiency of individuals, organisations or entire economies. This chapter introduces a family of innovative techniques Continue reading “Chapter: Frontier Analysis”
The United States, 1899-1941
ABSTRACT: We develop new aggregate and sectoral Total Factor Productivity (TFP) estimates for the United States between 1899 and 1941 through better coverage of sectors and better-measured labor quality, and find TFP-growth was lower than previously thought, Continue reading “Working Paper: The Sources of Growth in a Technologically Progressive Economy”
Pieter (Jop) WOLTJER 