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TFP and Possibility of Convergence in OECD Countries: The 2000–2012 Period

In: Empirical Studies on Economics of Innovation, Public Economics and Management

Author

Listed:
  • Aziz Kutlar

    (Sakarya University)

  • Ali Kabasakal

    (Sakarya University)

  • Ahmet Gulmez

    (Sakarya University)

Abstract

This study discusses efficiency, productivity, and the existence of convergence in 34 OECD countries between 2000 and 2012. Physical capital per worker and human capital per worker are used as inputs to determine total factor productivity while gross domestic product per worker is used as the output. Analysis of productivity by using the Malmquist Index indicates that productivity was positive but increased less than 1% at the end of the period. Panel regression estimation is used for standard deviations of convergence and to determine beta convergence. However, the convergence effect of Total Factor Productivity values could not be determined. Similar results are reported for Sigma convergence.

Suggested Citation

  • Aziz Kutlar & Ali Kabasakal & Ahmet Gulmez, 2017. "TFP and Possibility of Convergence in OECD Countries: The 2000–2012 Period," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Empirical Studies on Economics of Innovation, Public Economics and Management, pages 253-268, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-50164-2_15
    DOI: 10.1007/978-3-319-50164-2_15
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