Table III Static decompositions of...

Table III

Static decompositions of productivity growth change 2000–2016 (%)

	Job allocation		Job allocation		Job allocation
Aggregate TFP	2.323	2.323	2.323		2.323
Olley_Parkes Decomposition	2.323	2.323	2.323		2.323
Unweighted average	1.293	1.293	1.293		1.293
Covariance	1.031	1.031	1.031		1.031
Between decomposition	2.323	2.323	2.323		2.323
Unweighted average	2.354	2.354	2.743		2.299
Between Covariance	−0.030	2.271	−0.420		0.025
Within decomposition	2.323	2.323	2.323		2.323
	Light industry	Heavy industry	State owned	Private owned	Small and medium	Large firms
Aggregate TFP	1.030	0.315	−0.769	3.093	1.361	0.963
Unweighted average	0.640	0.161	−0.684	2.160	0.966	0.758
Within Covariance	0.389	0.155	−0.086	0.932	0.395	0.205

Notes: The aggregate TFP of manufacturing firms increased by 2.323 percent during the study period. Olley–Pakes static decomposition shows that this increase is due to the contribution of the firm becoming more productive (56 percent) and the job reallocation from unproductive firms to more productive firms (44 percent)

Source: Estimated from GSO data

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