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The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
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method, a 1 % increase in patent per employee brings together a 0.245 % increase in TFP. The second analysis validates this … result as it suggests patent per employee growth Granger causes TFP to grow, while the inverse is not true. Furthermore, 0 ….35 % of the variance in the forecast error of TFP changes is explained by a unit shock in patent per employee growth …
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