Productivity in the OECD Countries : A Critical Appraisal of the Evidence

The failure of the neoclassical growth model to account for differences in output per worker across countries has suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper discusses various measures of productivity and its determinants for the OECD countries from different dimensions: (i) the measurement perspective; (ii) evidence on the evolution of productivity levels across OECD countries; and (iii) a critical review of the theoretical and empirical issues regarding the determinants of cross-country productivity differentials.
Publication date: June 2001
ISBN: 9781451851281
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Development - Economic Development , Development - Economic Development , total factor productivity (TFP) , cross-country productivity differentials , tfp , r & d , total factor productivity , growth rates , Economic Growth and Aggregate Productivity: General , Economywide Country Studies: Europe

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