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dc.contributor.authorİmrohoroğlu, Ayşe
dc.contributor.authorÜngör, Murat
dc.date.available2016-06-22T20:46:10Z
dc.date.copyright2016-06
dc.identifier.citationİmrohoroğlu, A., & Üngör, M. (2016). Is Zimbabwe More Productive Than the United States? Some Observations From PWT 8.1 (Economics Discussion Papers Series No. 1606). University of Otago. Retrieved from http://hdl.handle.net/10523/6620en
dc.identifier.issn1178-2293
dc.identifier.urihttp://hdl.handle.net/10523/6620
dc.description.abstractIn Penn World Table (PWT) 8.1, several developing countries stand out as outliers with high total factor productivity (TFP) levels relative to the United States (U.S.). For example, in 2011, Zimbabwe and Trinidad and Tobago are reported to have 3 and 1.6 times higher TFP levels than the U.S., respectively. In addition, for several other countries, such as Turkey and Gabon, the stated levels of TFP are very similar to that of the U.S. level (1.01 and 1.11 times the U.S. levels, respectively). Estimates for some of these countries seem rather unlikely when compared with other measures of productivity (such as output per worker). While in the construction of TFP levels PWT does use country-speci c factor shares we show that their results are very similar to calculating TFP levels with a Cobb-Douglas production function where capital and labor shares are assumed to be the same across all countries, i.e., using a constant labor share of 2/3 for all countries. A simple modi cation, using a constant labor share of 2/3 for developed countries and 1/2 for developing countries, generates more \plausible" estimates for TFP levels.en_NZ
dc.format.mimetypeapplication/pdf
dc.language.isoenen_NZ
dc.publisherUniversity of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/*
dc.subjectTotal factor productivityen_NZ
dc.subjectlabor income sharesen_NZ
dc.subjectPenn Tablesen_NZ
dc.titleIs Zimbabwe More Productive Than the United States? Some Observations From PWT 8.1en_NZ
dc.typeDiscussion Paperen_NZ
dc.date.updated2016-06-22T20:41:45Z
otago.schoolOtago Business School / Department of Economicsen_NZ
otago.openaccessOpenen_NZ
otago.relation.number1606en_NZ
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Attribution-NonCommercial-ShareAlike 4.0 International
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