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1、JournalofProductivityAnalysis,17,213–231,2002C2002KluwerAcademicPublishers.ManufacturedinTheNetherlands.ProductivityGrowthintheWesternHemisphere(1978–94):TheCaribbeaninPerspectivePOORANLALLAssistantProfessor,CentralMissouriStateUniversityALLENM.FEATH
2、ERSTONEProfessor,DepartmentofAgriculturalEconomics,KansasStateUniversityDAVIDW.NORMAN∗Professor,DepartmentofAgriculturalEconomics,KansasStateUniversityAbstractProductivitygrowth,technicalefficiencychange,andtechnologicalchangeweremeasuredforasampleof30
3、countriesintheWesternHemisphereforthe1978–1994periodusingtheMalmquistindex.TheCaribbeancomparedunfavorablywithNorthAmericaandtheLatinAmericanregions.Evidenceindicatedsomesupportfortheconvergencehypothesis.Regressionanalysisindicatedthatproductivitygro
4、wthintheCaribbeanwaspositivelyassociatedwithcivil,economic,andpoliticalliberty.JELclassification:C43,D24,F02,N56Keywords:productivitygrowth,technicalefficiencychange,technologychange,Malmquistindex,Caribbean,convergence,LatinAmericaAlthoughproductivityi
5、snottheonlydeterminantofeconomicgrowthandwelfare,itdoesprovideameasureofeconomicprosperity,standardoflivinganddegreeofcompetitivenessofacountry.Productivityanalysiscanthereforeprovidevaluableinformationabouttheeffectivenessofeconomicpoliciesand,thus,c
6、anprovideausefultoolinhelpingdesignpoliciesforimprovingeconomicdevelopment.ThisstudyevaluatedproductivitygrowthintheWesternHemispherebetween1978and1994todeterminetherelativeperformanceofCaribbeancountrieswithinthiseconomicregion.Duringtheearly1970s,mo
7、stCaribbeancountriesexperiencedmodesteconomicgrowth.However,duringthelate1970sand1980s,economicconditionsdeterioratedrapidly,mainly∗Addresscorrespondenceto:DavidNorman,DepartmentofAgriculturalEconomics,342WatersHall,KansasStateUniversity,Manhattan,Kan
8、sas66506-4011.E-mail:Dnorman@agecon.ksu.edu214LALL,FEATHERSTONEANDNORMANbecauseofthedeclineinforeignaidandtradeconcessions,thediversionofforeigninvestmentfromtheCaribbean,andpooreconomicmanagementintheregion(Bryan,1995;Ramnarine,1993).Duringth
