Publication:
Measuring Total Factor Productivity Using the Enterprise Surveys: A Methodological Note

Simple item page
dc.contributor.authorFrancis, David C.
dc.contributor.authorKaralashvili, Nona
dc.contributor.authorMaemir, Hibret
dc.contributor.authorRodriguez Meza, Jorge
dc.date.accessioned2020-12-10T15:49:19Z
dc.date.available2020-12-10T15:49:19Z
dc.date.issued2020-12
dc.description.abstractTotal factor productivity is a key element of economic growth and an important performance metric for policy makers. This note describes the methodology for measuring firm-level total factor productivity using the World Bank's Enterprise Surveys cross-country data. It also presents some estimates recovered from the production function. Two versions of the production function are estimated: one Cobb-Douglas, the other a more flexible translog specification. Both estimations are at the two-digit industry level pooling all the Enterprise Surveys data across economies. Evidence is found against using a Cobb-Douglas specification, which is more parsimonious, and in favor of using the flexible translog specification. The resulting firm-level estimates are all published in the Enterprise Surveys database with a unique firm identifier to link to the rest of the Enterprise Surveys data; because the estimates are reliant on new data, they are updated periodically as new Enterprise Surveys data become available. The results show that: (i) median firms operate close to constant returns to scale; (ii) gross-output and value-added production functions provide similar ranking of sectors in terms of output elasticities, capital intensity, and returns to scale; (iii) there is large, firm-level heterogeneity in output elasticities; and (iv) gross-output-based total factor productivity measures are less dispersed than the value-added ones.en
dc.identifierhttp://documents.worldbank.org/curated/en/306091607457083831/Measuring-Total-Factor-Productivity-Using-the-Enterprise-Surveys-A-Methodological-Note
dc.identifier.doi10.1596/34913
dc.identifier.urihttps://hdl.handle.net/10986/34913
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9491
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectENTERPRISE SURVEY
dc.subjectELASTICITY OF OUTPUT
dc.subjectECONOMIC GROWTH
dc.subjectCOBB-DOUGLAS
dc.titleMeasuring Total Factor Productivity Using the Enterprise Surveysen
dc.title.subtitleA Methodological Noteen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2020-12-08
okr.date.doiregistration2025-04-10T12:01:39.104055Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/306091607457083831/Measuring-Total-Factor-Productivity-Using-the-Enterprise-Surveys-A-Methodological-Note
okr.guid306091607457083831
okr.identifier.externaldocumentum090224b08809837e_1_0
okr.identifier.internaldocumentum32649055
okr.identifier.reportWPS9491
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/306091607457083831/pdf/Measuring-Total-Factor-Productivity-Using-the-Enterprise-Surveys-A-Methodological-Note.pdfen
okr.statistics.combined9089
okr.statistics.dr306091607457083831
okr.statistics.drstats7134
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitGlobal Indicators Group, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Measuring-Total-Factor-Productivity-Using-the-Enterprise-Surveys-A-Methodological-Note.pdf
Size:
1.49 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Measuring-Total-Factor-Productivity-Using-the-Enterprise-Surveys-A-Methodological-Note.txt
Size:
59.2 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 2 of 2
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers