刊行物

内容紹介

Following Solow’s (2001) recent advice, this paper adopts productivity as the left-hand-side variable and offers a cross-country analysis of its determinants. The analysis follows the two-stage methodology, the first of which is devoted to obtaining productivity estimates, and the second stage is devoted to analyzing these estimates. The paper classifies productivity determinants into four types, namely ‘economic factors,’ ‘institutions,’ ‘social base,’ and ‘physical base.’ The empirical productivity model presented in this paper includes productivity determinants of all these different types. The empirical relationships established in this paper should prove helpful in further development of a theory of total factor productivity (TFP).