Total Factor Productivity and the Significance of the Public Sector

"It is typical in the modern world that most eco nomic growth explained by an increase total fac tor productivity, commonly accompanied rise of real capital. After last financial crisis, Slovenia was specific factor productivity between 2009 and 2019 44 analyzed dustries substituted decline net values fixed capital, associated with a large contraction bank loans to non-financial corporations. During this period, Slovenia’s strength ened due increases innovative potential, human capital (employees higher education), share foreign trade GDP. The public sector played important role this, as innovation potential result lev el Slovenian Export Development Bank enterprises from extensive EU Structural Cohesion Funds placements. inno vation influenced number full-time researchers, economic cli mate EU"