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

Ömer Yalçınkaya, İbrahim Hüseyni and Ali Kemal Çelik
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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
İbrahim 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

Margin: The Journal of Applied Economic Research, 2017, vol. 11, issue 4, 404-417

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

Keywords: Gross Fixed-capital Formation; Employed Labour; Determinant; Level of Development; Country Group (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:11:y:2017:i:4:p:404-417

DOI: 10.1177/0973801017722266

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