The Impact of Total Factor Productivity on Economic Growth for Developed and Emerging Countries: A Second-generation Panel Data Analysis-Reference-Cited by-同舟云学术

The Impact of Total Factor Productivity on Economic Growth for Developed and Emerging Countries: A Second-generation Panel Data Analysis

Published:2017-10-23 Issue:4 Volume:11 Page:404-417
ISSN:0973-8010
Container-title:Margin: The Journal of Applied Economic Research
language:en
Short-container-title:Margin: The Journal of Applied Economic Research

Author:

Yalçınkaya Ömer¹,Hüseyni İbrahim²,Çelik Ali Kemal³

Affiliation:

1. Ömer Yalçınkaya is Assistant Professor, Faculty of Economics and Administrative Sciences, Department of Economics, Ağrı İbrahim Çeçen University, Ağrı, Turkey,

2. İbrahim Hüseyni is Assistant Professor, Faculty of Economics and Administrative Sciences, Department of Economics, Şırnak University, Şırnak, Turkey,

3. Ali Kemal Çelik is a Research Assistant Dr., Faculty of Economics and Administrative Sciences, Department of Quantitative Methods, Ardahan University, Ardahan, Turkey,

Abstract

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

Publisher

SAGE Publications

Subject

General Economics, Econometrics and Finance,Development

Link

http://journals.sagepub.com/doi/pdf/10.1177/0973801017722266

Reference32 articles.

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