Productivity growth, technological convergence, R&D, trade, and labor markets
Subtitle: evidence from the French manufacturing sector
By: prepared by Tehmina S. Kahn.
Contributors: International Monetary Fund. European Dept.
Series: IMF working paper -- WP/06/230
Publisher: International Monetary Fund, European Dept.
Published: 2006
Place of publication: [Washington, D.C.]
Language: eng
Number of pages: 38
Subjects: Manufacturing industries -- France -- Econometric models.; Industrial productivity -- France -- Econometric models.; Research, Industrial -- France -- Econometric models.; Labor market -- France -- Econometric models.; Technological innovations -- France -- Econometric models.
Description: Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during 1980-2002 and remained well above that of the United Kingdom. Estimates using a dynamic panel equilibrium correction model indicate that sectors further behind the technological frontier experience faster productivity growth and that spending on research and development and trade with technologically advanced economies positively influences TFP growth, but not the speed of convergence. Conversely, TFP growth is negatively related to some key labor market variables, namely the replacement ratio and the ratio of the minimum wage to the median wage.
Notes: Caption title.

"October 2006."

Includes bibliographical references (p. 34-38).

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