Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 08 April 2020

Abstract and Keywords

Chapter 17 first discusses how productivity growth typically has been measured in classical productivity studies. It then briefly discusses how innovation and catch-up can be distinguished empirically. Next it outlines methods that have been proposed to measure productivity growth and its two main factors, innovation and catch-up. The chapter shows how such methods have particular canonical representations that seamlessly transfer to the panel data literature and discuss a number of competing specifications introduced into the productivity literature. Such models can be combined to provide consensus model average estimates of innovation and catch-up, utilizing results from recent work by Hao (2012) on world productivity growth. The chapter ends with concluding remarks and suggestions for the direction of future analysis.

Keywords: panel data, econometrics, productivity measurement, productivity, innovation, catch-up

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.