Detail práce

The Cross-Country and Cross-Sectoral Study of TFP and its Determinants

Autor: Mgr. Michael Bogren
Rok: 2017 - letní
Vedoucí: Ing. Vilém Semerák M.A., Ph.D.
Konzultant:
Typ práce: Diplomová
MEF
Jazyk: Anglicky
Stránky: 69
Ocenění:
Odkaz:
Abstrakt: This paper examines the impact of R&D and share of merchandise exports on total factor
productivity in the 15 OECD countries through 1996-2009. The paper also discusses the
inclusion of the human capital variable in influencing the TFP. The domestic R&D stocks are
based on domestic industry-specific R&D. The share of merchandising exports is sectorinvariant.
We use the random effects to control for unobserved heterogeneity. In this case, the
unobserved heterogeneity reflects the differences in trade and R&D policies. The main findings
we have obtained are: i) the R&D stocks have a positive impact on TFP based on the random
effects model, ii) the exports have a positive and significant impact on TFP, especially in the
manufacturing sector.

Partneři

ČSOB
Deloitte
McKinsey & Company

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