2021
DOI: 10.1080/00343404.2020.1869199
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What drives total factor productivity growth? An examination of spillover effects

Abstract: Table A1. Variable description and data sources. Group Variable Description and calculation Source TFP Value added Value added in Euro per inhabitant, 2000 prices (1990-2014) Cambridge Econometrics Capital stock Capital stock in Euro per inhabitant, calculated applying the perpetual inventory method on investment data (1990-2014) Own calculation, Cambridge Econometrics Labor units Employees (units) per inhabitant (1990-2014) Cambridge Econometrics Culture a Importance of god 'How important is god in your life?… Show more

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Cited by 13 publications
(9 citation statements)
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“…This selection resolves the problem of non-stationarity, heteroscedasticity, and autocorrelation in the estimated model [62,63]. To resolve the endogeneity problem, a one-year lag of highly correlated variables was used as an instrumental variable in the two stage least square (TSLS) approach [64]. Further, the interactive term is helpful in resolving the endogeneity problem.…”
Section: Endogeneity and Diagnostic Test Resultsmentioning
confidence: 99%
“…This selection resolves the problem of non-stationarity, heteroscedasticity, and autocorrelation in the estimated model [62,63]. To resolve the endogeneity problem, a one-year lag of highly correlated variables was used as an instrumental variable in the two stage least square (TSLS) approach [64]. Further, the interactive term is helpful in resolving the endogeneity problem.…”
Section: Endogeneity and Diagnostic Test Resultsmentioning
confidence: 99%
“…Its use is often hindered by missing data for the computation of capital stocks at the regional level. Nonetheless, there have been some recent studies on EU regions, such as Männasoo et al (2018) and Siller et al (2021), who use TFP regional measures following the pioneering research by Marrocu et al (2013). We build upon this contribution by using the JRC EU Commission's Knowledge4Policy (K4P) platform.…”
Section: Methodsmentioning
confidence: 99%
“…Recently various papers have investigated these TFP differentials and their evolution in EU regions. Marrocu et al (2013), Männasoo et al (2018) and Siller et al (2021) show that human capital endowment has a fundamental impact on TFP growth and that more robust TFP growth is associated with a significant productivity gap. Moreover, they all prove that spillovers are a relevant component of TFP dynamics.…”
Section: Literature Review and Conceptual Backgroundmentioning
confidence: 99%
“…Additionally, it has been widely used as a comprehensive measure of social production efficiency in research on the sources of economic growth and sustainable economic development [17]. The existing literature has focused on macro-TFP [18,19] and micro-TFP [20][21][22], as well as factors that affect TFP, such as capital accumulation [23], R and D and innovation in technology [24,25], international trade and globalization [26], and economic shocks [27,28].…”
Section: Literature Review and Policy Background 21 Literature Reviewmentioning
confidence: 99%