Total factor productivity, its components and drivers
نویسندگان
چکیده
منابع مشابه
Total Factor Productivity: An Unobserved Components Approach
This work examines the presence of unobserved components in the time series of Total Factor Productivity, which is an idea central to modern Macroeconomics. The main approaches in both the study of economic growth and the study of business cycles rely on certain properties of the different components of the time series of Total Factor Productivity. In the study of economic growth, the Neoclassi...
متن کاملImpact of Knowledge-based Components on Total Factor Productivity of MENA Countries
F rom the viewpoint of economic theories, total factor productivity (TFP) is the most important component that leads to economic growth and development. The main purpose of this study was to evaluate the impact of knowledge-based economy on total factor productivity in the member countries of the Middle East and North Africa (MENA) region. For this purpose, the panel data regression analysis ha...
متن کاملTotal Factor Productivity∗
Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. The following definition describes the measurement and importance of TFP for growth, fluctuations and development as well as likely future directions of research. Total Factor Productivity (TFP) is the portion of output not explained by the amount of inputs used in production. As s...
متن کاملBubbles and Total Factor Productivity
Evidence shows that asset price bubbles typically precede financial crises and financial crises are accompanied by the collapse of bubbles. In addition, stock market booms and busts are typically associated with credit market booms and busts. The recent US housing and stock market bubbles and the subsequent Great Recession that began in late 2007 provide an example. The stock market booms in th...
متن کاملPolicy Uncertainty, Total Factor Productivity and Growth
This note shows that differences (across sectors or regions) in the effective price of inputs results in low measured total factor productivity (TFP).
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ژورنال
عنوان ژورنال: Empirica
سال: 2020
ISSN: 0340-8744,1573-6911
DOI: 10.1007/s10663-020-09476-4