Publication:
Micro Efficiency and Macro Growth

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dc.contributor.authorBayraktar, Nihal
dc.contributor.authorNallari, Raj
dc.date.accessioned2012-03-19T18:39:13Z
dc.date.available2012-03-19T18:39:13Z
dc.date.issued2010-04-01
dc.description.abstractThis paper is about micro foundations of productivity and growth. There are several studies on productivity for advanced economies but relatively few for developing countries. Using data from the investment climate surveys of the World Bank, estimation results from 45 developing countries, complemented by extended analysis at firm and industry levels for Brazil and India for the period 2002-05, indicate the following: (i) confirmation of the importance of total factor productivity at firm, industry and national levels, but total factor productivity progressively tapers off at each level of aggregation implying that there is a less than one-to-one relationship between micro-efficiency, sector growth, and macro growth; (ii) capital accumulation is more important at the macro level than the micro level; (iii) productivity at the micro level is driven by research and development, the capacity utilization rate, and adoption of foreign technology (all of which involve management decisions), and is negatively related to corruption and instability, tax, and financial regulations; and (iii) confirmation of the lower contribution of total factor productivity to output growth in developing countries than in developed economies. Management decisions are involved in a lot of day-to-day operations at the firm level and therefore management is an unmeasured input. In developing countries, at the firm level, there is a need to understand the contribution of quality of inputs (management quality, education and labor quality, training, experience of workers, use of computers at work) and also the role of external agglomeration (for example, location in a booming city, competitive pressures from new firms, trade competition, and regulations).en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100412113736
dc.identifier.doi10.1596/1813-9450-5267
dc.identifier.urihttps://hdl.handle.net/10986/3754
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5267
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE VALUE
dc.subjectAGGREGATE LEVEL
dc.subjectAGRICULTURE
dc.subjectALLOCATIVE EFFICIENCY
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectAVERAGE LEVEL
dc.subjectBANKRUPTCY
dc.subjectBEST PRACTICES
dc.subjectBOOK VALUE
dc.subjectBUSINESSES
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL TIMES
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCOMPUTERS
dc.subjectCONSTANT RETURNS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCOUNTRY REGRESSIONS
dc.subjectCROSS COUNTRY
dc.subjectCUSTOMS
dc.subjectDATA ANALYSIS
dc.subjectDATA AVAILABILITY
dc.subjectDAY-TO-DAY OPERATIONS
dc.subjectDEPENDENT VARIABLE
dc.subjectDETERMINANTS OF GROWTH
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDISAGGREGATED LEVEL
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC STUDIES
dc.subjectECONOMIC THEORY
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectEMAILS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL STUDIES
dc.subjectEMPLOYMENT
dc.subjectENTERPRISE SURVEY
dc.subjectENTERPRISE SURVEYS
dc.subjectEQUIPMENT
dc.subjectESP
dc.subjectESTIMATION RESULTS
dc.subjectEXCHANGE RATE
dc.subjectEXPORT MARKETS
dc.subjectEXPORTS
dc.subjectEXTERNAL FACTORS
dc.subjectFACTOR ACCUMULATION
dc.subjectFACTOR PRICES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL MARKETS
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGENERAL EQUILIBRIUM
dc.subjectGENERAL EQUILIBRIUM ANALYSIS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL LEVEL
dc.subjectGLOBAL MARKETS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS OUTPUT
dc.subjectGROSS VALUE
dc.subjectGROWTH ACCOUNTING
dc.subjectGROWTH ANALYSIS
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH PROCESS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATE OF OUTPUT
dc.subjectGROWTH RATES
dc.subjectGROWTH REGRESSIONS
dc.subjectHUMAN CAPITAL
dc.subjectIMPROVING PRODUCTIVITY
dc.subjectINCOME
dc.subjectINCOME PER CAPITA
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDUSTRY PRODUCTIVITY
dc.subjectINNOVATION
dc.subjectINSTITUTION
dc.subjectINTEREST RATES
dc.subjectINTERNAL FACTORS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT CLIMATE
dc.subjectLABOR INPUT
dc.subjectLABOR REGULATIONS
dc.subjectLEGAL SYSTEM
dc.subjectLONG-TERM GROWTH
dc.subjectMACROECONOMIC GROWTH
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMANUFACTURING
dc.subjectMANUFACTURING INDUSTRIES
dc.subjectMARGINAL PRODUCT
dc.subjectMARKET ECONOMIES
dc.subjectMARKET IMPERFECTIONS
dc.subjectMARKET SHARE
dc.subjectMATERIAL
dc.subjectMONETARY ECONOMICS
dc.subjectMONOPOLY
dc.subjectNATURAL MONOPOLIES
dc.subjectNEW TECHNOLOGIES
dc.subjectOUTPUT GROWTH
dc.subjectOUTPUT RATIO
dc.subjectOUTPUTS
dc.subjectPERFORMANCES
dc.subjectPOLICY CHANGES
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY REFORMS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR COUNTRIES
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY CHANGE
dc.subjectR&D
dc.subjectREGULATORY POLICY
dc.subjectRELATIVE CONTRIBUTION
dc.subjectRESULT
dc.subjectSIGNIFICANT CORRELATION
dc.subjectSIGNIFICANT FACTOR
dc.subjectSTANDARD FORMAT
dc.subjectTECHNICAL CHANGE
dc.subjectTECHNICAL PROGRESS
dc.subjectTELECOMMUNICATIONS
dc.subjectTFP
dc.subjectTIME PERIOD
dc.subjectTOP MANAGEMENT
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTOTAL OUTPUT
dc.subjectTRADE BARRIERS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE VOLUMES
dc.subjectTURNOVER RATE
dc.subjectUSES
dc.subjectVALUE ADDED
dc.subjectWEB
dc.titleMicro Efficiency and Macro Growthen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleMicro Efficiency And Macro Growth
okr.date.doiregistration2025-04-10T11:53:21.006193Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100412113736
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.guid255221468162267409
okr.identifier.doi10.1596/1813-9450-5267
okr.identifier.externaldocumentum000158349_20100412113736
okr.identifier.internaldocumentum12081761
okr.identifier.reportWPS5267
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/12/000158349_20100412113736/Rendered/PDF/WPS5267.pdfen
okr.region.administrativeThe World Region
okr.topicSocial Protections and Labor::Labor Policies
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationacc23a6e-910f-5267-9383-393a17b5c713
relation.isAuthorOfPublication.latestForDiscoveryacc23a6e-910f-5267-9383-393a17b5c713
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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