Details

Subject(s)

• Industrial productivity—Developing countries—Econometric models [Browse]
• Economic development—Developing countries [Browse]

Related name

Peña Pocasangre, Jorge [Browse]

Series

• Cambridge elements. Elements in the economics of emerging markets [More in this series]
• Elements in the economics of emerging markets

Summary note

Emerging countries are increasingly concerned with improving their competitiveness and productivity. This Element develops a robust econometric methodology, based on controlling for usual unobservable effects at the firm or plant level. By robust empirical results in total factor productivity (TFP), we mean estimating investment climate (IC) elasticities, or semi-elasticities, with equal signs and similar magnitudes for more than ten different competing TFP measures. The key to achieving similar empirical results for several TFP measures is to avoid having the problem of omitted variables, achieved through imputation of large proportions of missing observations in relevant variables (i.e., the capital stock). Furthermore, through the use of a new concept of aggregate TFP (TFPIC), which measures the associated IC effects on firms' TFP, we are able to make meaningful cross-country firm-level productivity comparisons, avoiding the usual problem of comparing apples with organges that would otherwise occur if we directly compare country's TFP measurements--back cover.

Bibliographic references

Includes bibliographical references (pages [99]-106).

Contents

• 1. Introduction
• 2. Econometric productivity methodologies at the firm level
• 3. Enterprise surveys and imputation of missing observations
• 4. Empirical results on the impact of IC variables on TFP in Turkey
• 5. Evidence of the robustness of TFP measures and of the empirical results of the effects of the IC
• 6. International countries' investment climate assessments based on enterprise business surveys of other selected emerging countries and regions
• 7. Conclusions and further extensions
• Appendix A: Productivity in levels (or logs) versus productivity in differences (or rates of growth)
• Appendix B: Stata do-file that replicates the results
• References.

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ISBN

• 9781108829441
• 1108829449 ((pbk.))

OCLC

1240492242

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