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The Deviation Terms in the Decomposition of Aggregate Productivity Growth
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- Authors
- Issue Date
- 2022-05
- Citation
- Seoul Journal of Economics Vol.35, No.2, pp 118-130
- Keywords
- Growth decomposition ; Aggregate productivity ; Deviation term ; Within and between effects
- Abstract
- In the decomposition of aggregate productivity growth,corresponding components are generally indexed according to the deviation of individual-level productivity from aggregate productivity. This paper provides an alternative perspective and points out that this decomposition method seems more suitable for studying change in relative aggregate productivity growth than for aggregate
productivity growth when a deviation term is adopted.
- ISSN
- 1225-0279
- Language
- English
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