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2020 | 68 | 10 | 1002 – 1020
Article title

DRIVING FORCES OF TOTAL FACTOR PRODUCTIVITY IN EUROPE

Content
Title variants
Languages of publication
EN
Abstracts
EN
In this paper, we explore the driving forces behind total factor productivity growth in 28 European countries in the period from 2005 to 2019. Based on neoclassical theory, theory of endogenous economic growth and competitiveness theory we formulate four research hypotheses related to the impact of technological readiness, human capital, business and tax environment and creativity on the TFP growth. We used fixed effects model focusing on the impact within the countries. Our results suggest that technological readiness is an important driving force behind TFP growth. We could only partially confirm the impact of the remaining explanatory variables.
Contributors
  • University of Economics in Bratislava, Faculty of National Economy, Dolnozemská cesta 1, 852 35 Bratislava 5, Slovak Republic
author
author
References
Document Type
Publication order reference
YADDA identifier
bwmeta1.element.cejsh-3a76545c-3854-415c-b1bc-28ed43e580a2
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