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Productivity Growth, Technological Convergence, RandD, Trade, and Labor Markets: Evidence From the French Manufacturing Sector
Author:
Tehmina S. Khan null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2006: Issue 230
Language:
English
Publication Date:
01 Oct 2006
DOI:
https://doi.org/10.5089/9781451864908.001
ISBN:
9781451864908
ISSN:
1018-5941
Pages:
38
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
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund