The effects of external and internal strikes on total factor productivity
Autor(a) principal: | |
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Data de Publicação: | 2007 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/707 |
Resumo: | This paper examines structural changes that occur in the total factor productivity (TFP) within countries. It is possible that some episodes of high economic growth or economic decline are associated with permanent productivity shocks, therefore, this research has two objectives. The Örst one is to estimate the structural changes present in TFP for a sample of 81 countries between 1950(60) and 2000. The second one is to identify, whenever possible, episodes in the political and economic history of these countries that may account for the structural breaks in question. The results suggest that about 85% of the TFP time-series present at least one structural break, moreover, at least half the structural changes can be attributed to internal factors, such as independence or a newly adopted constitution, and about 30% to external shocks, such as oil shock or shocks in international interest rates. The majority of the estimated breaks are downwards, indicating that after a break the TFP tends to decrease, implying that institutional rearrangements, external shocks, or internal shocks may be costly and from which it is very di¢ cult to recover. |
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Galvão, Antonio Carlos F.Pessôa, Samuel de AbreuFerreira, Pedro CavalcantiEscolas::EPGEFGV2008-05-13T15:31:07Z2008-05-13T15:31:07Z2007-10-010104-8910http://hdl.handle.net/10438/707This paper examines structural changes that occur in the total factor productivity (TFP) within countries. It is possible that some episodes of high economic growth or economic decline are associated with permanent productivity shocks, therefore, this research has two objectives. The Örst one is to estimate the structural changes present in TFP for a sample of 81 countries between 1950(60) and 2000. The second one is to identify, whenever possible, episodes in the political and economic history of these countries that may account for the structural breaks in question. The results suggest that about 85% of the TFP time-series present at least one structural break, moreover, at least half the structural changes can be attributed to internal factors, such as independence or a newly adopted constitution, and about 30% to external shocks, such as oil shock or shocks in international interest rates. The majority of the estimated breaks are downwards, indicating that after a break the TFP tends to decrease, implying that institutional rearrangements, external shocks, or internal shocks may be costly and from which it is very di¢ cult to recover.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;655Total factor productivityStructural breakEconomiaEconomiaThe effects of external and internal strikes on total factor productivityinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL2231.pdfapplication/pdf530944https://repositorio.fgv.br/bitstreams/d17f3bc6-f07d-439a-bd7f-054070bfead4/download2802a685374cbc0d23c3a44dcb908fd1MD51TEXT2231.pdf.txt2231.pdf.txtExtracted texttext/plain59184https://repositorio.fgv.br/bitstreams/1de8638c-00c3-46cb-adc2-6ab98a3a5605/downloadc858735ae9695af8912ae355c63cde24MD56THUMBNAIL2231.pdf.jpg2231.pdf.jpgGenerated Thumbnailimage/jpeg3455https://repositorio.fgv.br/bitstreams/eab4859a-4bcf-4368-b766-800e9f1da5bb/download30e253078d631b5c4449d725090a29f5MD5710438/7072023-11-08 18:33:29.135open.accessoai:repositorio.fgv.br:10438/707https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T18:33:29Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
The effects of external and internal strikes on total factor productivity |
title |
The effects of external and internal strikes on total factor productivity |
spellingShingle |
The effects of external and internal strikes on total factor productivity Galvão, Antonio Carlos F. Total factor productivity Structural break Economia Economia |
title_short |
The effects of external and internal strikes on total factor productivity |
title_full |
The effects of external and internal strikes on total factor productivity |
title_fullStr |
The effects of external and internal strikes on total factor productivity |
title_full_unstemmed |
The effects of external and internal strikes on total factor productivity |
title_sort |
The effects of external and internal strikes on total factor productivity |
author |
Galvão, Antonio Carlos F. |
author_facet |
Galvão, Antonio Carlos F. Pessôa, Samuel de Abreu Ferreira, Pedro Cavalcanti |
author_role |
author |
author2 |
Pessôa, Samuel de Abreu Ferreira, Pedro Cavalcanti |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Galvão, Antonio Carlos F. Pessôa, Samuel de Abreu Ferreira, Pedro Cavalcanti |
dc.subject.eng.fl_str_mv |
Total factor productivity Structural break |
topic |
Total factor productivity Structural break Economia Economia |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
This paper examines structural changes that occur in the total factor productivity (TFP) within countries. It is possible that some episodes of high economic growth or economic decline are associated with permanent productivity shocks, therefore, this research has two objectives. The Örst one is to estimate the structural changes present in TFP for a sample of 81 countries between 1950(60) and 2000. The second one is to identify, whenever possible, episodes in the political and economic history of these countries that may account for the structural breaks in question. The results suggest that about 85% of the TFP time-series present at least one structural break, moreover, at least half the structural changes can be attributed to internal factors, such as independence or a newly adopted constitution, and about 30% to external shocks, such as oil shock or shocks in international interest rates. The majority of the estimated breaks are downwards, indicating that after a break the TFP tends to decrease, implying that institutional rearrangements, external shocks, or internal shocks may be costly and from which it is very di¢ cult to recover. |
publishDate |
2007 |
dc.date.issued.fl_str_mv |
2007-10-01 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:31:07Z |
dc.date.available.fl_str_mv |
2008-05-13T15:31:07Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
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publishedVersion |
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http://hdl.handle.net/10438/707 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
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http://hdl.handle.net/10438/707 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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Ensaios Econômicos;655 |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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