by direction of foreign capital flows, on changes in total factor productivity growth in the economy are estimated. An … overall positive relationship is found between financial openness and total factor productivity growth. The positive effect of … outflows can have positive effects on total factor productivity growth at differing stages of development …

their association with productivity growth across 19 sectors in UK manufacturing between 1970 and 1992. Using the … in 1970. Sectors classified as relatively open enjoyed significantly higher rates of total factor productivity (TFP … productivity and lagged values of each of the observed measures of openness. This relationship was explained by a strong …

MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use … show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …, of the level of human capital on the level of income but no effect on underlying productivity growth. Our preferred …