Productivity Growth and International Competitiveness
提出有效多要素生产率(MFP)的衡量方法,涵盖加拿大、美国等国的产品层面生产率增长,发现其与价格下降和国际竞争力提升紧密相关,尤其对小型开放经济体和制造业等有重要影响。
This paper presents a measure of effective multifactor productivity (MFP) growth for Canada, the U.S., Australia, Japan and selected EU countries. The measure differs from the standard MFP growth as it measures productivity growth in the production of different types of products instead of by industry and it captures the effect of productivity gains in both foreign and domestic upstream industries. The paper finds that the increase in effective MFP is closely associated with the decline in output price and improvement in international competitiveness. Multifactor productivity growth for small, open economies and for the production of manufacturing, investment and export goods is partly attributable to productivity gains in the production of intermediate inputs in foreign countries.