The Impact of Total Factor Productivity on Economic Growth for Developed and Emerging Countries: A Second-generation Panel Data Analysis
| Autor: | Ömer Yalçinkaya, Ali Kemal Çelik, İbrahim Hüseyni |
|---|---|
| Přispěvatelé: | Belirlenecek, HUSEYNI, IBRAHIM -- 0000-0002-5969-0769, Hüseyni, İbrahim, 0-Belirlenecek |
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Macroeconomics
Gross fixed capital formation 05 social sciences Determinant Level of Development Development Employed Labour 0502 economics and business Country group Fixed investment Economics 050207 economics Country Group Emerging markets General Economics Econometrics and Finance Total factor productivity Gross Fixed-capital Formation 050205 econometrics Panel data |
| Popis: | This article investigates the determinants of economic growth and also seeks to determine whether or not the impact of total factor productivity (TFP) changes with respect to the level of development for selected countries. In this manner, the present study examines the impact of gross fixed capital formation, employed labour and the TFP of G-7, G-12 and G-20 countries on real GDP per capita using second-generation panel data analyses over the period 1992–2014. The results reveal that TFP has a greater impact on economic growth than fixed capital formation and employed labour for all country groups. Furthermore, the impact of TFP on economic growth was found to be greater for developed countries than for emerging countries. JEL Classification: C21, C22, C23 |
| Databáze: | OpenAIRE |
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