Table 3 Yearly GTFP and its components in percentages
Percentile | Efficiency change (EC) | Scale change (SC) | Technological change (TC) | Green TFP change | Returns of scale (RTS) |
|---|---|---|---|---|---|
1 | − 0.0023 | − 1.758 | − 0.055 | − 0.985 | 1.670 |
5 | − 0.0022 | − 0.489 | − 0.047 | − 0.318 | 1.707 |
10 | − 0.0020 | − 0.239 | − 0.040 | − 0.202 | 1.732 |
25 | − 0.0017 | − 0.068 | − 0.034 | − 0.081 | 1.780 |
Mean | − 0.0017 | 0.056 | − 0.029 | 0.032 | 1.839 |
75 | − 0.0015 | 0.176 | − 0.026 | 0.144 | 1.896 |
90 | − 0.0014 | 0.338 | − 0.022 | 0.281 | 1.942 |
95 | − 0.0014 | 0.511 | − 0.021 | 0.407 | 1.970 |
99 | − 0.0013 | 1.306 | − 0.017 | 0.965 | 2.023 |
St. Dev | 0.000 | 0.042 | 0.008 | 0.030 | 0.080 |
Observations 6229 | |||||