This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of … Bulgaria for the period 2004-2013. As predicted by theory, a positive relationship between TFP and FDI is documented. The … standard Ramsey (optimal) growth model, augmented with the FDI channel is used to compare the speed of convergence to an …

This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of … by investments from abroad. As predicted by theory, a positive relationship between TFP and FDI is documented. The effect … Bulgaria for the period 2004-2013. Since TFP captures the joint efficiency of capital and labor, it is likely to be influenced …

This paper estimates the contribution of Foreign Direct Investment (FDI) to the Total Factor Productivity (TFP) of … Bulgaria for the period 2004-2013. As predicted by theory, a positive relationship between TFP and FDI is documented. The … standard Ramsey (optimal) growth model, augmented with the FDI channel is used to compare the speed of convergence to an …

and organizational tasks generate endogenous TFP movements and also amplify and propagate the effects of exogenous shocks … movements in the measured TFP, and serves as a quantitatively important amplification and propagation mechanism in aggregate …

aggregate output and total factor productivity(TFP). The model parameters are calibrated to match observations on the size …

during that period. Here we argue that the Spanish economy has grown, in spite of stagnant TFP, because investment in … equipment and structures to quantify the sources of changes in measured TFP in Spain. We find that measured TFP is low because … subsidies to structures and the gains of eliminating them in terms of TFP and income growth. Our three sector model economy also …

trend), one third of the TFP deviation and two thirds of the labor deviation in 1998. For the quantitative results, the …

problem then and still today is a low productivity growth rate. Growth theory, treating TFP as exogenous, accounts well for …