Comparing Labour and Total Factor Productivity Growth and Level in France, Japan, the United Kingdom and the United States over the Past Century and in Recent Years §

IF 0.8 4区 经济学 Q3 ECONOMICS Economics-The Open Access Open-Assessment E-Journal Pub Date : 2009-08-19 DOI:10.2174/1874919400902010045
G. Cette, Yusuf Kocoglu, J. Mairesse
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引用次数: 1

Abstract

The present study contributes to the analysis of economic growth by comparing labour ant total factor productivity (TFP) in France, Japan, the United Kingdom and the United States in the very long run (since 1890) and in the medium run (since 1980). During the past century, the United States has overtaken the United Kingdom and became the leading world economy. During the last 25 years, productivity growth has also known contrasted developments in the four countries, in particular as a result of an unequal growth of information and communication technology (ICT) investments. The past 120 years have been characterised by: (i) rapid economic growth and large productivity gains in the four countries; (ii) a decline in productivity in the United Kingdom relative to the United States, and to a lesser extent also relative to France and Japan until the second world war (WW2), and its subsequent come-back; (iii) the remarkable catching-up of the United States by France and Japan after WW2, which was however interrupted in the case of Japan during the 1990s. The contribution of capital deepening -as it can be measured- accounts for a large share of these different performances, with an increasing share of ICT capital in the last 25 years. This contribution varies considerably over time and across the four countries, and it is always less important, except in Japan, than that of the unmeasured factors underlying TFP, such as labour skills, technical and organisational changes and knowledge spillovers. Most recently (in 2006), before the current world crisis, hourly labour productivity levels are slightly higher in France than in the United States, and significantly lower in the United Kingdom (by roughly 10%) and even more in Japan (30%), while TFP levels are very close in France, the United Kingdom and the United States, but much lower (40%) in Japan.
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比较法国、日本、英国和美国过去一个世纪和近年来的劳动和全要素生产率的增长和水平
本研究通过比较法国、日本、英国和美国长期(自1890年以来)和中期(自1980年以来)的劳动和全要素生产率(TFP),有助于分析经济增长。在过去的一个世纪里,美国已经超过了英国,成为世界经济的领头羊。在过去的25年里,这四个国家的生产率增长也出现了截然不同的发展,特别是由于信息和通信技术(ICT)投资的不平等增长。过去120年的特点是:(i)这四个国家的经济快速增长,生产率大幅提高;(ii)在第二次世界大战之前,英国的生产率相对于美国下降,在较小程度上也相对于法国和日本下降,以及随后的复苏;(iii)二战后法国和日本对美国的显著追赶,但在20世纪90年代,日本的情况中断了这一进程。资本深化的贡献——正如它可以衡量的那样——在这些不同的表现中占很大的份额,在过去的25年里,ICT资本的份额不断增加。这一贡献在不同时期和四个国家之间存在很大差异,而且除了日本之外,它总是不如TFP背后未测量的因素(如劳动技能、技术和组织变革以及知识溢出)重要。最近(2006年),在当前的世界危机之前,法国的小时劳动生产率水平略高于美国,英国明显低于美国(大约10%),日本甚至更高(30%),而法国、英国和美国的TFP水平非常接近,但日本低得多(40%)。
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来源期刊
Economics-The Open Access Open-Assessment E-Journal
Economics-The Open Access Open-Assessment E-Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
3.20
自引率
0.00%
发文量
15
审稿时长
30 weeks
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