Productivity Measurement, Model Averaging, and World Trends in Growth and Inequality

摘要: Our paper provides new methods to robustify productivity growth measurement by utilizing various economic theories explaining and the econometric model generated that particular theory. We utilize World Productivity Database from UNIDO analyze during period 1960–2010 for OECD countries. focus on three competing models stochastic frontier literature, Cornwell et al. (J Econ 46(1):185–200, 1990), Kumbhakar 46(1):201–211, 1990) Battese, Coelli Prod Anal 3(1–2):153–169, 1992) estimate its decomposition into technical change efficiency due Hansen (2010) construct optimal weights in order average results these approaches.