Total Factor Productivity Estimates: Some Evidence from European Regions
AbstractThis paper analyses the economic performance of European Regions and computes the Total Factor Productivity (TFP) using a panel cointegration approach. The main idea behind this choice is that this approach allows to directly estimate differences across economies in the production function and also to test for the presence of scale economies and market imperfections. In fact, recent studies (de la Fuente, 1995, 1996B, and de la Fuente – Doménech, 2000) show that TFP differences across countries and regions are substantial and highlight the importance of TFP dynamics as crucial in the evolution of productivity.
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Bibliographic InfoPaper provided by WIFO in its series WIFO Working Papers with number 380.
Length: 39 pages
Date of creation: 29 Sep 2010
Date of revision:
Total Factor Productivity; Panel Unit Root Test; Panel Cointegration; Fully Modified OLS;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-16 (All new papers)
- NEP-EEC-2010-10-16 (European Economics)
- NEP-EFF-2010-10-16 (Efficiency & Productivity)
- NEP-GEO-2010-10-16 (Economic Geography)
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