The effects of external and internal strikes on total factor productivity

Detalhes bibliográficos
Autor(a) principal: Galvão, Antonio Carlos F.
Data de Publicação: 2007
Outros Autores: Pessôa, Samuel de Abreu, Ferreira, Pedro Cavalcanti
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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spelling 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
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