Incorporating temporal and country heterogeneity in growth accounting: an application to EU-KLEMS

Peyrache, A. and Rambaldi, A. N. (2014). Incorporating temporal and country heterogeneity in growth accounting: an application to EU-KLEMS. In: Joint Econometric Society Australasian and Australian Conference of Economists Meeting 2014. Conference Program. ESAM/ACE 2014: Joint Meetings of the Australian Conference of Economists (ACE) and Econometric Society Australasian Meeting (ESAM), Hobart, TAS, Australia, (1-45). 1-4 July, 2014.

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Name Description MIMEType Size Downloads
Author Peyrache, A.
Rambaldi, A. N.
Title of paper Incorporating temporal and country heterogeneity in growth accounting: an application to EU-KLEMS
Conference name ESAM/ACE 2014: Joint Meetings of the Australian Conference of Economists (ACE) and Econometric Society Australasian Meeting (ESAM)
Conference location Hobart, TAS, Australia
Conference dates 1-4 July, 2014
Convener Mardi Dungey
Proceedings title Joint Econometric Society Australasian and Australian Conference of Economists Meeting 2014. Conference Program
Place of Publication Hobart, TAS, Australia
Publisher Economic Society of Australia
Publication Year 2014
Sub-type Fully published paper
Start page 1
End page 45
Total pages 45
Collection year 2015
Language eng
Formatted Abstract/Summary
We introduce a state-space approach to the modelling and estimation of group specific trends and time varying slopes in pooled time series regressions (fixed N, large T). Since the empirical application is centered on productivity analysis, we provide a stochastic frontier interpretation of this group specific temporal variation. A post-estimation growth accounting is introduced to provide a quantitative assessment of the main factors behind sectoral labour productivity growth. We make use of the EU-KLEMS dataset, covering the period 1977-2007 for 13 countries and 20 sectors of each economy.
Keyword Time trends
Panel data
State-space
Sectoral productivity
Malmquist
Q-Index Code EX
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Other title: "Aggregate Labour Productivity Growth, TFP and Structural Change with EU-KLEMS"

Presented during "Session 27: Firms and Growth Accounting (ESAM)" as Paper 352

Document type: Conference Paper
Collections: Non HERDC
School of Economics Publications
 
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Created: Fri, 12 Dec 2014, 21:11:11 EST by Alys Hohnen on behalf of School of Economics