The Determinants of Total Factor Productivity in the EU: Insights from Sectoral Data and Common Dynamic Processes

This paper examines the development of total factor productivity (TFP) and the drivers of TFP for a panel of 17 EU countries in the period of 1995-2007. We estimate aggregated and sectoral TFP for 17 EU countries by means of the augmented mean group estimator to control for endogeneity, cross-section dependence and heterogeneous production technology. We find that although wages are the main driver of TFP, ICT, extra-EU trade and human capital also play a role.

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Year of publication:	2013-06-21
Authors:	Gehringer, Agnieszka ; Martinez-Zarzoso, Inmaculada ; Danziger, Felicitas Nowak.Lehmann
Institutions:	EcoMod Network
Subject:	17 EU countries \| Growth \| Sectoral issues

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Series:	EcoMod2013.
Type of publication:	Book / Working Paper
Notes:	Number 5343
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010902754