An Analysis on the Determinants of Total Factor Productivity: The Case of Selected OECD Countries

Year 2017, Volume: 12 Issue: 2, 65 - 82, 01.08.2017

Mustafa Gömleksiz , Ahmet Şahbaz Birol Mercan

https://doi.org/10.17153/oguiibf.314251

Cited By: 4

Abstract

In recent years, it can be argued that a significant part of the
cross-country differences in income and economic growth mostly arise from the
differences in productivity levels. Thus, the examination of the sources of
productivity is an important issue in the context of growth-oriented policies.
This study aims to investigate potential determinants of total factor
productivity. In this respect, the effects of human capital, R&D, trade
openness and high technology product imports on total factor productivity are
analyzed across the selected 12 OECD countries for the 1993-2014 period. The
findings of the analysis show that R&D, trade openness and high-technology
imports are important determinants of productivity growth. Also, the results
indicate no significant evidence for human capital. 

Keywords

Total Factor Productivity, R&D, Trade Openness, High-Tech Imports, Human Capital, Panel Cointegration

Toplam Faktör Verimliliğinin Belirleyicileri Üzerine Ampirik Bir İnceleme: Seçilmiş OECD Ülkeleri Örneği

Abstract

Günümüzde,
ülkelerarası gelir ve ekonomik büyüme farklılıklarının önemli bir kısmı
verimlilikte ortaya çıkan farklılıklardan kaynaklanmaktadır. İktisadi büyüme
odaklı politikalar çerçevesinde verimliliği belirleyen unsurların incelenmesi
önem arz etmektedir. Bu çalışmanın amacı, toplam faktör verimliliğinin
potansiyel belirleyicilerini analiz etmektir. Bu kapsamda beşeri sermaye,
Ar-Ge, ticari dışa açıklık ve ileri teknolojili ürün ithalatının toplam faktör
verimliliği üzerindeki etkileri seçilmiş 12 OECD ülkesine ait 1993-2014 yılları
arası dönemde ekonometrik olarak incelenmektedir. Analiz sonucu elde edilen
bulgular Ar-Ge, ticari dışa açıklık ve ileri teknoloji ürün ithalatının
verimlilik artışlarında önemli birer belirleyici olduğunu gösterirken, beşeri
sermayeye ilişkin anlamlı bir bulguya rastlanmamıştır.  

Keywords

Toplam Faktör Verimliliği, Ar-Ge, Ticari Dışa Açıklık, İleri Teknoloji Ürün İthalatı, Beşeri Sermaye, Panel Eşbütünleşme

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