Demography, Education, and the Future of Total Factor Productivity Growth

9146 17 13378 2 22524 document 13378 IR-09-002.pdf application/pdf 6613d3ac743aec2373d368a80d0dfaec MD5 372298 2016-01-15 08:43:40 https://pure.iiasa.ac.at/id/eprint/9146/1/IR-09-002.pdf 9146 1 1 text en public

IR-09-002.pdf

15 15710 2 27440 document 15710 lightbox.jpg image/png 7dc48a7dc1cc8e7f096afcb3039393af MD5 15558 2016-01-15 10:58:27 https://pure.iiasa.ac.at/id/eprint/9146/2/lightbox.jpg 9146 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

lightbox.jpg

preview.jpg

medium.jpg

small.jpg

indexcodes.txt

IR-09-002.pdf

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/13378 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/13378 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/13378 archive 351 disk0/00/00/91/46 2016-01-15 08:43:40 2021-08-27 17:21:10 2016-01-15 08:43:40 monograph show 2 Sanderson W.C. 1631 Striessnig E. 1862 0000-0001-5419-9498 Demography, Education, and the Future of Total Factor Productivity Growth pub iis_pop prog_pop prog_apd In this paper we present new data on total factor productivity for eight world regions over the period 1970 to 2001. The regions are North America, Western Europe, Japan/Oceania, the China Region, South Asia, Other Pacific Asia, Latin America and the Caribbean, and Sub-Saharan Africa. We propose and estimate a new model of the determinants of total factor productivity based on the framework of conditional convergence. The model allows us to distinguish between factors that influence the level of the conditional productivity frontier and the speed of catching up to that frontier. We show that productivity stagnation in Latin America and the Caribbean and in Sub-Saharan Africa are not because they are trapped far below their potential, but rather that they are fully utilizing the low potential that they have. We found that education and age structure have independent and joint effects on productivity. The rate of capital formation, the quality of institutions, openness, and corruption also affect total factor productivity. The effects of specific variables on total productivity differ by context. They can be different depending on whether a country is catching up to its conditional productivity frontier or not. This provides the possibility of resolving some of the puzzles with respect to the effects of age structure and education that appear in the literature. The paper is based on the new IIASA/VID database on education. 2009-02 published IR-09-002 IR-09-002 265 299 public interim_report IIASA, Laxenburg, Austria 55 FALSE info:eu-repo/semantics/book