Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: does …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … 'capital accumulation channel' and the 'total factor productivity (TFP) growth channel'. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …

growth in a small open European economy. To this end we use a dataset containing all Belgian firms active in the private … productivity growth by applying the decomposition introduced by Petrin and Levinsohn (2012). The outcome of this exercise will not … only provide us with a better understanding of the slowdown of productivity growth in Europe over the past decades, but …

utilization proxy. Based on a large panel of Hungarian manufacturing firms, we decompose value added growth to input factor …, capacity utilization and estimated TFP growth contributions. We find that using an hours worked proxy, the variance of the … growth mostly in periods when/after institutional reforms, privatization or FDI inflow took place and lost its importance …

productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic …, estimates of TFP growth could be obtained and its determinants were examined using regression analysis. The parametric TFP … growth measure is compared with the non-parametric Solow residual. TFP has recorded positive growth for all provinces during …

productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that … world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a … decrease in productivity growth. Technical efficiency change significantly contributed to economic growth for many fast …