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Measuring Total Factor Productivity: Growth Accounting for Bulgaria

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  • Kaloyan Ganev

    (Agency for Economic Analysis & Forecasting)

Abstract

Total factor productivity measurement enables researchers to determine the contribution of supply-side production factors to economic growth. For Bulgaria, which is a transition economy, it is difficult to construct a production function with stable parameters, mostly because there are atypical developments of capital and labor during periods of economic growth, as well as due to the lack of sufficiently long and dependable data series. In this respect, growth accounting enables us to identify the basic sources and directions of influences. The calculations that have been carried out in this paper help in the identification of total factor productivity development as the main driving force of economic growth. The likely reasons for this strong influence have been also outlined.

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Bibliographic Info

Paper provided by EconWPA in its series GE, Growth, Math methods with number 0504004.

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Length: 32 pages
Date of creation: 13 Apr 2005
Date of revision: 21 Apr 2005
Handle: RePEc:wpa:wuwpge:0504004

Note: Type of Document - pdf; pages: 32
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Web page: http://128.118.178.162

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Keywords: Economic Growth; total factor productivity;

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References

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  1. Stanley Fischer, 1993. "The Role of Macroeconomic Factors in Growth," NBER Working Papers 4565, National Bureau of Economic Research, Inc.
  2. Francesco Caselli, 2005. "Accounting for Cross-Country Income Differences," CEP Discussion Papers dp0667, Centre for Economic Performance, LSE.
  3. Alan Krueger, 1999. "Measuring Labor's Share," NBER Working Papers 7006, National Bureau of Economic Research, Inc.
  4. Sang V Nguyen & Edward C Kokkelenberg, 1991. "Measuring Total Factor Productivity, Technical Change And The Rate Of Returns To Research And Development," Working Papers 91-3, Center for Economic Studies, U.S. Census Bureau.
  5. Felipe, J., 1997. "Total Factor Productivity Growth in East Asia: A Critical Survey," Papers 65, Asian Development Bank.
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May.
  7. Cororaton, Caesar B., 2002. "Total Factor Productivity in the Philippines," Discussion Papers DP 2002-01, Philippine Institute for Development Studies.
  8. Zvi Griliches, 1995. "The Discovery of the Residual: An Historical Note," NBER Working Papers 5348, National Bureau of Economic Research, Inc.
  9. Nicholas Oulton & Sylaja Srinivasan, 2003. "Capital stocks, capital services, and depreciation: an integrated framework," Bank of England working papers 192, Bank of England.
  10. Nirvikar Singh & Hung Trieu, 1999. "Total Factor Productivity Growth in Japan, South Korea and Taiwan," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 34(2), pages 93-112, July.
  11. Charles R. Hulten, 2000. "Total Factor Productivity: A Short Biography," NBER Working Papers 7471, National Bureau of Economic Research, Inc.
  12. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
  13. Zvi Griliches, 1995. "The Discovery of the Residual: A Historic Note," Harvard Institute of Economic Research Working Papers 1742, Harvard - Institute of Economic Research.
  14. repec:fth:prinin:413 is not listed on IDEAS
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Citations

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Cited by:
  1. Mariya Neycheva, 2013. "Does higher level of education of the labor force cause growth? Evidence from Bulgaria," Economic Change and Restructuring, Springer, vol. 46(3), pages 321-339, August.
  2. Kaloyan Ganev, 2005. "Can Educational Attainment Explain Total Factor Productivity? Growth Accounting Evidence from Seven Transition Countries for the Period 1991-2000," GE, Growth, Math methods 0512004, EconWPA.
  3. Gatti, Roberta & Love, Inessa, 2008. "Does access to credit improve productivity? Evidence from Bulgarian firms," CEPR Discussion Papers 6676, C.E.P.R. Discussion Papers.

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