Productivity of Nations: A Stochastic Frontier Approach to TFP Decomposition

Table 3

Sources of economic growth 1970–2000: average annual % change.

Country	^1Economic growth	^2Capital accumulation	^2Labor expansion	Productivity change					Random^3 shocks
				TFP	Technical progress	Technical efficiency	Scale effects	Allocative efficiency
AUS	4.16	1.17	1.06	0.93	0.30	0.46	0.06	0.12	1.00
AUT	3.74	1.70	0.30	1.77	0.25	0.69	0.01	0.81	−0.03
BEL	3.29	1.60	0.31	1.40	0.23	0.52	0.03	0.61	−0.02
BOL	2.73	1.68	1.00	0.05	−0.55	0.57	0.00	0.02	0.00
BRA	5.59	4.51	1.13	0.39	0.01	0.55	0.41	−0.58	−0.44
CAN	4.14	1.87	1.10	0.98	0.26	0.06	0.12	0.54	0.19
CHE	2.03	1.31	0.52	1.51	0.40	0.59	−0.01	0.53	−1.30
CHL	4.98	3.88	0.87	−0.41	−0.30	0.13	0.11	−0.35	0.64
COL	4.93	3.73	1.05	−0.20	−0.30	0.31	0.20	−0.41	0.34
CRI	4.89	4.01	1.63	−0.32	−0.47	0.24	−0.12	0.03	−0.43
DNK	2.61	0.89	0.35	1.39	0.27	0.65	−0.01	0.47	−0.02
ESP	3.97	2.79	0.54	1.30	0.23	0.45	0.17	0.44	−0.66
FIN	3.65	1.76	0.37	1.45	0.18	0.55	−0.02	0.74	0.07
FRA	3.43	1.79	0.47	1.75	0.41	0.54	0.15	0.64	−0.57
GBR	2.73	0.99	0.27	1.33	0.32	0.35	0.10	0.55	0.13
GRC	3.67	4.37	0.30	−0.46	0.05	0.41	0.04	−0.95	−0.55
IRL	6.03	2.18	0.61	0.97	−0.05	0.49	−0.04	0.56	2.27
ISL	4.13	1.22	0.93	0.97	−0.09	0.82	−0.21	0.46	1.01
ITA	3.53	2.14	0.29	1.24	0.35	0.49	0.15	0.25	−0.14
JAM	1.80	2.06	0.86	0.41	−0.43	0.75	−0.08	0.18	−1.54
JOR	6.23	5.95	2.17	−0.83	−0.63	0.39	−0.14	−0.45	−1.06
JPN	5.26	3.54	0.58	2.42	0.56	0.92	0.34	0.57	−1.28
KEN	5.17	3.22	1.48	0.07	−0.79	0.95	0.16	−0.24	0.39
KOR	9.31	6.93	0.88	0.62	−0.03	0.71	0.40	−0.46	0.87
MEX	5.00	4.57	1.27	−0.18	−0.07	0.06	0.34	−0.51	−0.66
NLD	3.59	1.20	0.65	1.27	0.30	0.58	0.05	0.34	0.46
NOR	4.09	1.75	0.40	1.53	0.25	0.81	−0.03	0.50	0.41
NZL	2.39	0.47	0.77	0.76	0.15	0.68	−0.02	−0.05	0.39
PER	3.15	2.75	1.00	0.21	−0.20	0.49	0.10	−0.17	−0.81
PRT	4.71	3.09	0.39	1.20	−0.02	0.50	0.05	0.67	0.03
SWE	2.57	0.96	0.36	1.44	0.28	0.57	0.01	0.57	−0.20
THA	8.01	6.51	0.62	−0.73	−0.29	1.00	0.37	−1.79	1.60
TTO	3.62	2.65	0.83	−0.23	−0.41	0.15	−0.16	0.18	0.36
TUR	5.38	5.93	0.79	−1.33	−0.26	0.08	0.33	−1.48	−0.01
USA	3.97	1.70	0.84	1.49	0.52	0.09	0.28	0.59	−0.07
VEN	1.82	2.24	1.41	0.06	−0.10	0.05	0.08	0.04	−1.90

(1) Growth of GDP; (2) Growth rates adjusted by income shares; (3) Obtained as a residual.