scholarly journals QUALITY OF INSTITUTIONS AND TOTAL FACTOR PRODUCTIVITY IN THE EUROPEAN UNION

2016 ◽  
Vol 17 (3) ◽  
pp. 497-514 ◽  
Author(s):  
Adam P. Balcerzak ◽  
Michał Bernard Pietrzak
Keyword(s):  
European Union ◽  
Total Factor Productivity ◽  
The European Union ◽  
Factor Productivity ◽  
Quality Of Institutions

scholarly journals Oil Price Uncertainty, Globalization, and Total Factor Productivity: Evidence from the European Union

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3429
Author(s):  
Svetlana Balashova ◽  
Apostolos Serletis
Keyword(s):  
European Union ◽  
Total Factor Productivity ◽  
New Technologies ◽  
Innovation System ◽  
Price Volatility ◽  
Oil Price ◽  
Price Uncertainty ◽  
The European Union ◽  
Factor Productivity ◽  
Tfp Growth

This paper uncovers linkages between oil price uncertainty, total factor productivity (TFP) growth, and critical indicators of knowledge production and spillovers. It contributes to the literature by investigating the effects of oil price volatility on TFP growth, controlling for two different channels for TFP growth; benefits from the quality of the national innovation system and from adopting new technologies. We use an unbalanced panel for 28 European Union countries for the period from 1990 to 2018. We find that oil price uncertainty has a negative and statistically significant effect on TFP growth, even after we control for technological advancements and the effects of globalization. We also find that the scale of research and innovation and international trade are positive contributors to TFP growth.

Total Factor Productivity, Efficiency, and Technological Change in the European Regions: A Nonparametric Approach

2009 ◽  
Vol 41 (5) ◽  
pp. 1152-1170 ◽  
Author(s):  
Roberto Ezcurra ◽  
Belen Iraizoz ◽  
Pedro Pascual
Keyword(s):  
European Union ◽  
Technological Change ◽  
Total Factor Productivity ◽  
Malmquist Index ◽  
Geographical Location ◽  
The European Union ◽  
European Regions ◽  
Factor Productivity ◽  
Cross Sectional ◽  
Nonparametric Approach

This paper examines the global trend of total factor productivity, efficiency, and technological change in the European Union regions over the period 1986–2004, using the Malmquist index computed by data envelopment analysis. The results reveal the important role played by technical efficiency in explaining total factor productivity growth in the European Union. For this reason, in a second stage, we investigate existing regional disparities in efficiency levels across the European regions, using a nonparametric methodology that allows us to study the dynamics of the entire cross-sectional distribution. Estimates show the presence of a process of convergence in efficiency levels over the sample period, despite a relatively low degree of intradistribution mobility. In order to complete these results, factors such as the geographical location of the various regions, country-specific characteristics, or the sectoral composition of economic activity were examined for their role in explaining the observed disparities.

scholarly journals Eco-innovation and Economic Growth in the European Union

2019 ◽  
Vol 22 (2) ◽  
pp. 43-54
Author(s):  
Ana Andabaka ◽  
Martina Basarac Sertić ◽  
Martina Harc
Keyword(s):  
European Union ◽  
Sustainable Growth ◽  
Recycling Rate ◽  
Gdp Growth ◽  
The European Union ◽  
Green Technologies ◽  
Gdp Growth Rate ◽  
Quality Of Institutions ◽  
To Come

Abstract Eco-innovation, as a new concept, and green technologies are central to the Europe’s future and at the core of the European Union policies to boost competitiveness, create jobs, and generate sustainable growth for years to come. In this context, eco-innovation is a significant tool that combines decreased environmental impact with a positive socioeconomic impact. This paper highlights the prominent role of eco-innovation and investigates still scarcely explored impact assessment of GDP growth, quality of institutions, and recycling rates on the eco-innovation index in the 28 European Union member states. Specifically, the set of regression analyses that use panel estimation models was undertaken and the system GMM estimator with robust standard errors was used. Econometric analysis indicates that GDP growth rate, quality of institutions, and recycling rate of municipal waste had a statistically significant and positive effect on eco-innovation in the period 2010-2016.

Germany’s Growth Prospects against the Backdrop of Demographic Change

2020 ◽  
Vol 240 (5) ◽  
pp. 565-605
Author(s):  
Sebastian Breuer ◽  
Steffen Elstner
Keyword(s):  
European Union ◽  
European Commission ◽  
Total Factor Productivity ◽  
Unemployment Rate ◽  
The European Union ◽  
Factor Productivity ◽  
Structural Unemployment ◽  
Potential Output ◽  
Labour Input ◽  
Growth Prospects

AbstractThis paper shows how the German Council of Economic Experts (GCEE) determines Germany’s potential output, and compares the results with those of the European Commission. The approach of the European Commission is a natural benchmark, as it provides the basis for the deficit and debt rules of the European Union. In comparison with the European Commission’s method, the GCEE’s method places greater emphasis on demographic factors in estimating labour input. Additionally, both approaches differ regarding how they estimate the structural unemployment rate and total factor productivity. Finally, this paper discusses the limitations of, and the different options for estimating potential output.

What are the drivers of total factor productivity in the European Union?

2015 ◽  
Vol 25 (4) ◽  
pp. 406-434 ◽  
Author(s):  
Agnieszka Gehringer ◽  
Inmaculada Martínez-Zarzoso ◽  
Felicitas Nowak-Lehmann Danzinger
Keyword(s):  
European Union ◽  
Total Factor Productivity ◽  
The European Union ◽  
Factor Productivity

scholarly journals QUALITY OF INSTITUTIONS IN CANDIDATE AND POTENTIAL CANDIDATE COUNTRIES COMPARED TO THE NEWEST EUROPEAN MEMBERS

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Jelena Trivić
Keyword(s):  
European Union ◽  
Institutional Environment ◽  
Nobel Laureate ◽  
Potential Candidate ◽  
The European Union ◽  
Governance Indicators ◽  
Two Samples ◽  
Quality Of Institutions ◽  
World Governance Indicators

This paper deals with the quality of institutions in two samples. The first sample consists of candidates and potential candidates for membership in the European Union - Albania, Bosnia and Herzegovina, Serbia and N. Macedonia, while the second sample consists of the youngest member states of the European Union - Croatia, Bulgaria and Romania. In some of the earlier papers, as a co-author or author, I compared the countries of the region with the members of "New Europe", i.e. the countries that became members of the EU in 2004, but a glance look at the data today led me to the conclusion that the quality of the institutional environment in the region is more logical to compare with the newest EU members. Even in comparison with these countries, our region lags significantly behind. As a database for the quality of institutions, I used the World Governance Indicators developed by Kaufman et al. (2010). Institutions are defined as they were defined by Nobel laureate Douglas North and after him, a whole group of economists under the auspices of the New Institutional Economy.

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