Determinants of Total Factor Productivity in the European Union

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F15%3A00124741" target="_blank" >RIV/00216224:14560/15:00124741 - isvavai.cz</a>
Result on the web
<a href="http://fmv.euba.sk/files/ZBORNIK_spojene_uprav_v18022016.compressed.pdf" target="_blank" >http://fmv.euba.sk/files/ZBORNIK_spojene_uprav_v18022016.compressed.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Determinants of Total Factor Productivity in the European Union
Original language description
As the productivity in the European Union´s member states is continuously declining, an interesting question arises. Which factors are responsible for this unfavourable development? The aim of this paper is to identify the most significant determinants of the Total Factor Productivity growth in the European Union. Applying different development theories, we consider 5 groups of possible determinants. We use Bayesian Model Averaging method to overtake a problem with model uncertainty. The analysis is executed on yearly observations for 19 member states of the European Union covering the period from 1995 to 2013. The result suggest that the most robust determinants are conditions on labour market, infrastructure investments and structural factors.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conference proceedings 16th International Scientific Conference - International Relations 2015 Current issues of world economy and politics
ISBN
9788022542197
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
163-174
Publisher name
Ekonóm
Place of publication
Bratislava
Event location
Smolenice
Event date
Jan 1, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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