The current crisis has highlighted the importance of increasing productivity for the economy to become more competitive and thereby increase its growth prospects. In this paper, we analyse the productivity path of Cyprus using various indices and compare these with the average performance in the...

Our method decomposes output growth to its components for Cyprus, Greece and the Euro area. The period covered is 1996 to 2011. Our results, especially after 2008 suggest that Greece has a negative TFP growth rate, while Cyprus and the Euro area averages appear to be close to zero. With respect...

In this project we investigate the relationship between ICT capital, energy use and economic growth. We first formulate and estimate e production model which embodies rational expectations and dynamic optimization in the presence of efficiency gains and adjustment costs. We investigate the role...