文章基本信息

标题：Determinants of Multifactor Productivity: The Cases of the Main Latin American and Successful Asian Economies (1960-2015)
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作者：Wilman Arturo Gómez Muñoz ; Carlos Esteban Posada Posada ; Remberto Rhenals Monterrosa 等
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2020
卷号：10
期号：4
页码：803-833
DOI：10.4236/tel.2020.104049
出版社：Scientific Research Publishing
摘要：The objective of this paper was to explain the greater or lesser growth rate of total factor productivity, TFP, in the main East Asian and Latin American economies between 1960 and 2015. We found econometric evidence favorable to this hypothesis: the increase in public consumption expenditures, given the evolution of other factors, reduces the TFP. Other results of the econometric exercise, those that are related to hypothetical positive effects of public investment and imports on TFP were not as robust or as reliable as we would have expected.
关键词：Per Capita GDP’s Growth Rate;Total Factor Productivity;Physical Capital;Human Capital;Public Consumption;Public Investment;Imports;Panel Cointegration