Have a personal or library account? Click to login
Does Total Factor Productivity Growth Ameliorate Socio-Economic Stance? New Findings from Central and Eastern Europe Cover

Does Total Factor Productivity Growth Ameliorate Socio-Economic Stance? New Findings from Central and Eastern Europe

Open Access
|Jun 2023

References

  1. Akay, E. Ç. 2018. Stata ve panel modellerinin tahmini. In Uygulamalı panel veri ekonometrisi, edited by S. Guriş, 106-30. İstanbul: Der Yayınları.
  2. Albeaik, S., Kaltenberg, M., Alsaleh, M., Hidalgo, C. A. 2017. Improving the economic complexity index. https://arxiv.org/ftp/arxiv/papers/1707/1707.05826.pdf (accessed September 12, 2022).
  3. Baier, S. L., Dwyer, G. P., Tamura, R. 2006. How important are capital and total factor productivity for economic growth? Economic Inquiry 44 (1): 23-49.
  4. Barro, R. M. 1991. Economic growth in a cross section of countries. Quarterly Journal of Economics 106 (2): 407-444.
  5. Bate, R. 2009. What is prosperity and how do we measure it? American Enterprise Institute for Public Policy Research No. 3. https://www.aei.org/wp-content/uploads/2011/10/03-DPO-2009g.pdf?x91208 (accessed October 3, 2022).
  6. Benkovskis, K., Fadejeva, L., Stehrer, R., Wörz, J. 2012. How important is total factor productivity for growth in Central, Eastern and Southeastern European countries? Latvijas Banka Working Paper No. 5. https://www.macroeconomics.lv/sites/default/files/wp_5_2012_0 (accessed September 12, 2022).
  7. Beugelsdijk, S., Klasing, M. J., Milionis, P. 2018. Regional economic development in Europe: The role of total factor productivity. Regional Studies 2018 52 (4): 461-476.
  8. Bond, S. 2002. Dynamic panel models: A guide to micro data methods and practice. Centre for Microdata Methods and Practice Working Paper No. CWPO9/02. University College London the Institute for Fiscal Studies Department of Economics. https://www.econstor.eu/bitstream/10419/79398/1/362533474.pdf. (accessed August 11, 2022).
  9. Borović, Z., Gligorić, D., Trivić, J. 2020. Impact of economic freedom on total factor productivity in former socialist countries. Economic Analysis 53 (2): 95-108.
  10. Bosworth, B. P., Collins, S. M. 2003. The empirics of growth: An update. Brookings Papers on Economic Activity 34 (2): 113-206.
  11. Breitung, J. 1997. Testing for unit roots in panel data using a gmm approach. Statistical Papers, 38 (3): 253-269.
  12. Breusch, T. S., Pagan, A. R. 1980. The lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies 47 (1): 239-253.
  13. Cobb, C. W., Douglas, P. H. 1928. A theory of production. The American Economic Review 18 (1): 139-165.
  14. Danquah, M. 2006. Sources of growth in Ghana. African Institute for Economic Development and Planning. http://unpan1.un.org/intradocgroups/public/document/IDEP/UNPAN023359pdf (accessed September 12, 2022).
  15. De La Escosura, L. P., Rosés, J. R. 2009. The sources of long-run growth in Spain, 1850-2000. The Journal of Economic History 69 (4): 1063-1091.
  16. De Vries, G. J., Erumban, A. A., Timmer, M. P., Voskoboynikov, I., Wu, H. X. 2012. Deconstructing the BRICs: Structural transformation and aggregate productivity growth. Journal of Comparative Economics 40 (2): 211-227.
  17. Easterlin, R. E. 1974. Does economic growth improve the human lot? Some empirical evidence. In Nations and households in economic growth: Essays in honor of Moses Abramovitz, edited by P. David and M. Reder, 89-125. New York: Academic Press. https://www.sciencedirect.com/science/article/pii/B9780122050503500087 (accessed September 13, 2022).
  18. Easterly, W., Levine, R. 2001. What have we learned from a decade of empirical research on growth? It’s not factor accumulation: Stylized facts and growth models. The World Bank Economic Review 15 (2): 177-219.
  19. Elias, V. J. 1992. Sources of growth: A study of seven Latin American economies. ICS Press: San Francisco.
  20. Feenstra, R. C., Robert, I., Timmer, M. P. 2015. The next generation of the penn world table. American Economic Review 105 (10): 3150-3182.
  21. Fogel, R. 2004. The escape from premature hunger and death, 1700-2100: Europe, America and the third world. Cambridge: Cambridge University Press.
  22. Fritz, M., Koch, M. 2016. Economic development and prosperity patterns around the world: Structural challenges for a global steady-state economy. Global Environmental Change 38: 41-48.
  23. Ghosh, S. R., Kraay, A. C. 2000. Measuring growth in total factor productivity. World Bank Poverty Reduction and Economic Management Notes No. 42. https://openknow-ledge.worldbank.org/bitstream/handle/10986/11423/multi_page.pdf?sequence=1&isAllowed=y (accessed August 24, 2022).
  24. Gujarati, D. N., Porter, D. C. 2012. Temel ekonometri. Translated by, Ü. Şenesen and G. Şenesen. Literatür Yayıncılık: İstanbul.
  25. Hayakawa, K. 2007. Small sample bias properties of the system gmm estimator in dynamic panel data models. Economics Letters 95 (1): 32-38.
  26. Idea, C. 2008. A time series analysis of the development in national R&D intensities and national public expenditures on R&D. Orindicate Final Study Report for Specific Assignment No. 4. https://ec.europa.eu/invest-in-research/pdf/download_en/spa4_final_report_final.pdf (accessed August 22, 2022).
  27. Iwata, S., Khan, M. S., Murao, H. 2003. Sources of economic growth in East Asia: A nonparametric assessment. International Monetary Fund Staff Papers 50 (2): 157-177.
  28. Khadimee, M. 2016. The sources of economic growth in Iran’s economy. Journal of Economics Library 3 (4): 621-630.
  29. Krugman, P. 1994. Defining and measuring productivity. https://www.oecd.org/sdd/productivity-stats/40526851.pdf (accessed August 25, 2022).
  30. Levenko, N., Oja, K., Staehr, K. 2019. Total factor productivity growth in Central and Eastern Europe before, during and after the global financial crisis. Post-Communist Economies 31 (2): 137-160.
  31. LPI. 2019. The legatum prosperity index methodology report. Legatum Institute. https://prosperitysite.s3accelerate.amazonaws.com/7515/8634/9002/Methodology_for_Legatum_Prosperity_Index_2019.pdf (accessed September 29, 2022).
  32. LPI. 2020a. The Legatum prosperity index. Legatum Institute. https://www.prosperity.com/ (accessed September 29, 2022).
  33. LPI. 2020b. The Legatum prosperity index. A tool for transformation: Pillar and element profiles. https://www.prosperity.com/about/resources (accessed September 29, 2022).
  34. Markou, G., Palaiolouga, E., Kokkinakos, P., Markaki, O., Koussouris, S., Askounis, D. 2015. Prosperity indicators: A landscape analysis. http://ceur-ws.org/Vol-1553/paper6.pdf (accessed September 29, 2022).
  35. Miller, S. M., Upadhyay, M. P. 2002. Total factor productivity and the convergence hypothesis. Journal of Macroeconomics 24 (2): 267-286.
  36. Murray, A. 2016. Partial versus total factor productivity measures: An assessment of their strengths and weaknesses. International Productivitiy Monitor 31 (Fall 2016): 113-126.
  37. Nehru, V., Dbareshwar, A. 1994. New estimates of total factor productivity growth for developing and ındustrial countries. World Bank Policy Research Working Paper No. 1313. https://documents1.worldbank.org/curated/en/305141468765855425/pdf/multi0page.pdf (accessed August 25, 2022).
  38. Nordhaus, W. 2005. The sources of the productivity rebound and the manufacturing employment puzzle. National Bureau of Economic Research Working Paper No. 11354. https://www.nber.org/system/files/working_papers/w11354/w11354.pdf (accessed August 25, 2022).
  39. Oulton, N. 2004. Productivity versus welfare: Or, GDP versus Weitzman’s NDP. Review of Income and Wealth 50 (3). 329-55.
  40. Oulton, N. 2012a. Hooray for gdp! Centre for Economic Performance Discussion Papers No. 30. London School of Economics and Political Science. https://cep.lse.ac.uk/pubs/download/occasional/op030.pdf (accessed August 25, 2022).
  41. Oulton, N. 2012b. The wealth and poverty of nations: True ppps for 141 countries. Centre for Economic Performance Discussion Papers No. 1080. London School of Economics and Political Science. http://eprints.lse.ac.uk/48941/2/dp1080.pdf (accessed August 25, 2022).
  42. Pesaran, M. H. 2004. General diagnostic tests for cross section dependence in panels. Cambridge Working Papers in Economics No. CWPE/0435. https://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe0435.pdf (accessed August 25, 2022).
  43. Pesaran, M. H. 2006. Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica 74 (4): 967-1012.
  44. Pesaran, M. H. 2007. A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics 22 (2): 265-312.
  45. Prescott, E. C. 1998. Lawrence R. Klein Lecture 1997: Needed: A theory of total factor productivity. International Economic Review 39 (3): 525-551.
  46. Roodman, D. 2009. How to do xtabond2: An introduction to difference and system gmm in Stata. The Stata Journal 9 (1): 86-136.
  47. Sattarhoff, C. 2010. GMM estimation of multifractal random walks using an efficient algorithm for hac covariance matrix estimation. Leibniz Information Centre for Economics Ruhr Conference Papers No. A19-V3. https://www.econstor.eu/bitstream/10419/37308/1/VfS_2010_pid_525.pdf (accessed August 12, 2022).
  48. Senhadji, A. S. 1999. Sources of economic growth: An extensive growth accounting exercise. International Monetary Fund Working Papers No. 077. https://www.imf.org/external/pubs/ft/wp/1999/wp9977.pdf (accessed August 27, 2022).
  49. Simon, J. L. 1973. Does economic growth imply a growth in welfare? Journal of Economic Issues 7 (1): 130-136.
  50. Solow, R. M. 1956. A contribution to the theory of economic growth. The Quarterly Journal of Economics 70 (1): 65-94.
  51. Soto, M. 2009. System gmm estimation with a small sample. Barcelona Economic Working Paper Series No. 395. https://bse.eu/sites/default/files/working_paper_pdfs/395.pdf (accessed August 12, 2022).
  52. Stevenson, B., Wolfers, J. 2008. Economic growth and subjective wellbeing: Reassessing the easterlin paradox. Brookings Papers on Economic Activity 39 (1): 1-87.
  53. Stiglitz, J. E., Sen, A., Fitoussi, J-P. 2009. Report by the commission on the measurement of economic performance and social progress. https://www.economie.gouv.fr/files/finances/presse/dossiers_de_presse/090914mesure_perf_eco_progres_social/synthese_ang.pdf (accessed September 21, 2022).
  54. Xu, M., Lybbert, T. J. 2017. Innovation-adjusted economic complexity and growth: Does product-specific patenting reveal enhanced economic capabilities? https://arefiles.ucdavis.edu/uploads/filer_public/b1/dc/b1dc-7b3f-9f37-416e93efd79495b1e940/ieci_xu_and_lyb-bert_oct_2017.pdf (accessed September 22, 2022).
  55. Verbeek, M. 2017. A guide to modern econometrics. Fifth edition. Hoboken, NJ: John Wiley & Sons.
  56. Weitzman, M. L. 1976. On the welfare significance of national product in a dynamic economy, Quarterly Journal of Economics 90 (1): 156-162.
  57. Yang, W., Zhao J. 2018. Sources of China’s economic growth: A case for green accounting. Advances in Management & Applied Economics 8 (2): 33-59.
  58. Young, A. 1995. The tyranny of numbers: Confronting the statistical realities of the East Asian growth experience. Quarterly Journal of Economics 110 (3): 641-680.
Language: English
Page range: 145 - 160
Published on: Jun 9, 2023
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2023 Emin Efecan Aktaş, published by University of Sarajevo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.