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Author/Editor:
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Khan, Tehmina S.
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Publication Date:
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October 01, 2006
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Electronic Access:
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Free Full text
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
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.
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Order a print copy
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Series:
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Working Paper No. 06/230
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Subject(s):
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Economic growth | France | Productivity | Manufacturing sector | Industrial investment | Labor markets | Wages | Trade
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Author's Keyword(s):
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Economic growth | Total Factor Productivity (TFP) | Research and Development (R&D) | labor market institutions | trade | technological convergence |
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