The Level of Productivity in Traded and Non-Traded Sectors for a Large Panel of Countries
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Summary:
This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per worker in constant 2005 Purchasing Power Parity (PPP) U.S. dollars. To construct these series, we collect industry-level data from several sources, and classify individual industries as traded/non-traded using their ratio of exports to value added. Finally, we aggregate the industry data up to a traded sector and a non-traded sector, accordingly. This new dataset has two main advantages relative to existing datasets: (i) it defines more finely the traded/non-traded sectors, by drawing on much more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across countries/sectors because sectoral productivity is adjusted by its own price level.
Series:
Working Paper No. 2015/048
Subject:
Expenditure Foreign exchange National accounts Production Productivity Public expenditure review Public investment and public-private partnerships (PPP) Purchasing power parity Transportation
English
Publication Date:
February 27, 2015
ISBN/ISSN:
9781484392140/1018-5941
Stock No:
WPIEA2015048
Pages:
49
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