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Business and Economics > Information Management

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Cover IMF Working Papers
Productivity Growth, Technological Convergence, RandD, Trade, and Labor Markets: Evidence From the French Manufacturing Sector
Tehmina S. Khan
Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during 1980-2002 and remained well above that of the United Kingdom. Estimates using a dynamic panel equilibrium correction model indicate that sectors further behind the technological frontier experience faster productivity growth and that spending on research and development and trade with technologically advanced economies positively influences TFP growth, but not the speed of convergence. Conversely, TFP growth is negatively related to some key labor market variables, namely the replacement ratio and the ratio of the minimum wage to the median wage.
Keywords:
WP; replacement ratio; capital stock; Economic growth; Total factor productivity (TFP); Research and Development (R&D); Labor market institutions; Trade; Technological convergence; TFP level; TFP estimate; TFP easgrowth; TFP relative; TFP growth in the United States; Total factor productivity; Productivity; Labor markets; Technology transfer; Capacity utilization; Europe
Cover IMF Working Papers
International Trade and Productivity Growth: Exploring the Sectoral Effects for Developing Countries
Ehsan U. Choudhri
and
Ms. Dalia S Hakura
The paper estimates an empirical relation based on Krugman’s ‘technological gap’ model to explore the influence of the pattern of international trade and production on the overall productivity growth of a developing country. A key result is that increased import competition in medium-growth (but not in low- or high-growth) manufacturing sectors enhances overall productivity growth. The authors also find that a production-share weighted average of (technological leaders’) sectoral productivity growth rates has a significant effect on the rate of aggregate productivity growth.
Keywords:
WP; Productivity Growth; Trade Liberalization; Technological Gap; TFP growth rate; trade variable; trade effect; trade ratio; technology lag; s TFP growth; gap in a sector; growth performance; trade index; productivity gap; Productivity; Total factor productivity; Imports; Technology transfer; East Asia; Middle East; North Africa; Sub-Saharan Africa; South Asia