This article provides evidence of cross-country total factor productivity (TFP) interdependence due to human capital accumulation over time by employing a semi-parametric spatial vector autoregressive technique in the panel. Empirical study covers a set of 15 Asian countries over the time period...

This paper studies persistence properties of total factor productivity (TFP) from Bayesian perspective. Emphasizing that classical unit root test for TFP cannot determine the probability whether a stochastic shock to the series is permanent, we design a Bayesian unit root test for TFP....

This paper studies the spatial effects of (stochastic) demographic system on economic growth. Population growth shocks (irrespective of aggregate or disaggregate form) depict spatial movement that is deemed to contribute to economic growth fluctuations of many countries depending upon their...