International productivity and factor price comparisons

• 成果类型: Article
• 署名作者: Marshall, Kathryn G.
• 署名单位: California State University System; California Polytechnic State University San Luis Obispo
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2012.01.003
• 发表日期: 2012
• 页码: 386-390
• 关键词: Factor-specific productivity; TFP differences; Factor payments

摘要

Using OECD input-output tables for a diverse group of 33 countries in the year 2000 and estimates of each country's factor stocks, I compute factor payments for aggregate labor and capital with value-added data adjusted for self-employment by sector. Using a detailed technology matrix for the U.S., I compute factor-specific productivity measures in each country relative to the U.S., and show that these measures are strongly correlated with the pattern of wages and rental rates. I find that many low income countries with low labor productivity have relatively high capital productivity. I also find a distinctive pattern between factor productivity and factor payments depending on whether a country has a high or low wage-rental ratio compared to the U.S. I show these findings are consistent with the existence of sector-based differences in production technology and complementarities between factors. (C) 2012 Elsevier BM. All rights reserved.