80’s

90’s

00’s

Productivity Shock Correlations between US and ROW (averages)

All Countries

0.58 (n = 22)

[0.55]

0.55 (n = 37)

[0.61]

0.54 (n = 42)

[0.32]

Advanced

0.68 (n = 19)

[0.44]

0.67 (n = 24)

[0.54]

0.56 (n = 25)

[0.31]

Emerging

0.06 (n = 3)

[0.91]

0.33 (n = 13)

[0.68]

0.53 (n = 17)

[0.33]