International Conference 2014 on "Total factor productivity: measurement, determinants and effects"
16-17 October 2014 - Auditorium of the National Bank of Belgium in Brussels
Total Factor Productivity (TFP) is at the heart of many economic outcomes. The recent economic crisis, for example, raised questions about the causes and extent of the productivity slowdown and its influence on growth, the business cycle, competitiveness, labour market developments, as well as economic policies. Companies' economic strategies and their performance on local and international markets, employment, wage formation, as well as firm creation and exit are also determined by TFP.
The conference broughttogether six contributions from Belgian academic teams and three papers by internationally-renowned academics dealing with these issues. A panel discussion focussedon the lessons to be drawn from those activities and the effects on economic policy.
A constrained nonparametric regression analysis of factor-biased technical change and TFP growth at the firm-level
Michel Dumont, Bruno Merlevede, Glenn Rayp, Marijn Verschelde
Working Paper 266 – presentation
Discussion by D. Henderson
Market imperfections, skills and Total Factor Productivity: Firm-level evidence on Belgium and the Netherlands
Sabien Dobbelaere, Mark Vancauteren
Working Paper 267 – presentation
Discussion by P. Portugal
L. Sleuwaegen - presentation