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The Impact of Total Factor Productivity on Economic Growth for Developed and Emerging Countries: A Second-generation Panel Data Analysis

Author

Listed:
  • Ömer Yalçınkaya

    (Ömer Yalçınkaya is Assistant Professor, Faculty of Economics and Administrative Sciences, Department of Economics, Ağrı İbrahim Çeçen University, Ağrı, Turkey, email: omeryalcinkaya84@hotmail.com)

  • Ä°brahim Hüseyni

    (İbrahim Hüseyni is Assistant Professor, Faculty of Economics and Administrative Sciences, Department of Economics, Şırnak University, Şırnak, Turkey, email: ibrahim_huseyni@hotmail.com)

  • Ali Kemal Çelik

    (Ali Kemal Çelik is a Research Assistant Dr., Faculty of Economics and Administrative Sciences, Department of Quantitative Methods, Ardahan University, Ardahan, Turkey, email: akemal.celik@atauni.edu.tr)

Abstract

This article investigates the determinants of economic growth and also seeks to determine whether or not the impact of total factor productivity (TFP) changes with respect to the level of development for selected countries. In this manner, the present study examines the impact of gross fixed capital formation, employed labour and the TFP of G-7, G-12 and G-20 countries on real GDP per capita using second-generation panel data analyses over the period 1992–2014. The results reveal that TFP has a greater impact on economic growth than fixed capital formation and employed labour for all country groups. Furthermore, the impact of TFP on economic growth was found to be greater for developed countries than for emerging countries. JEL Classification: C21, C22, C23

Suggested Citation

  • Ömer Yalçınkaya & Ä°brahim Hüseyni & Ali Kemal Çelik, 2017. "The Impact of Total Factor Productivity on Economic Growth for Developed and Emerging Countries: A Second-generation Panel Data Analysis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 11(4), pages 404-417, November.
    • Handle: RePEc:sae:mareco:v:11:y:2017:i:4:p:404-417
    DOI: 10.1177/0973801017722266
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    References listed on IDEAS

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    More about this item

    Keywords

    Gross Fixed-capital Formation; Employed Labour; Determinant; Level of Development; Country Group;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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