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Total Factor Productivity - Influence Factor Of The Economic Growth Potential. Practical Application

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  • Florina Popa

Abstract

Adequate to the new requirements of economy, the economic research has achieved progresses in addressing the issues regarding the growth and development, the economists drawing a number of theories and models, in order to find resorts that lead to sustainable growth. The paper refers to the means of assessment and forecast of the potential growth of an economy, by using a mathematical model, whose production function takes into consideration the role of three factors, being highlighted the role of the Total Factor Productivity, as an element of influence on growth with the other two factors. The study includes an application of the model use, for the analysis of the growth potential of the economy, at national level.

Suggested Citation

  • Florina Popa, 2015. "Total Factor Productivity - Influence Factor Of The Economic Growth Potential. Practical Application," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 21.
    • Handle: RePEc:bac:fsecub:15-21-05
    as

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    References listed on IDEAS

    as
    1. Richard Lipsey & Kenneth Carlaw, 2004. "Total factor productivity and the measurement of technological change," Canadian Journal of Economics, Canadian Economics Association, vol. 37(4), pages 1118-1150, November.
    2. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
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    More about this item

    Keywords

    Total Factor Productivity; mathematical model; growth potential;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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