scholarly journals The Drivers of the Total Factor Productivity

2019 ◽  
Vol 85 (2) ◽  
pp. 12-20
Author(s):  
T. K. Kvasha
Keyword(s):  
Economic Growth ◽  
Total Factor Productivity ◽  
Intangible Assets ◽  
Significant Proportion ◽  
High Tech ◽  
Factor Productivity ◽  
Patent Activity ◽  
Solow Model

The Total Factor Productivity (TFP) is now widely recognized as an important factor in both long-term economic growth and short-term growth fluctuations. Researchers of the International Monetary Fund came to the conclusion that the growth of the TFP was the most important long-term factor in raising the living standards. Therefore, the IMF and academics from different countries has been scrutinizing the reasons for the slowdown in TFP and investigating the underlying factors. The low rates of GDP grow in Ukraine call for finding the drivers, one of which is TFP growth. It raises the importance of analysis of the factors promoting this growth in Ukraine.  The purpose of this work is to define TFP drivers, which would be most effective for Ukraine. TFP drivers in foreign countries are analyzed, TFP dynamics for Ukraine is calculated by use of Solow model, and TFP drivers over 2000–2017 are determined.         The analysis of publications about TFP drivers at global level shows that they include: international transfer of knowledge and technologies, activities of small innovative fast-growing firms, the enhanced quality of quality of education, the increased expenditures on R&D and innovations, especially by business sector, the increased investments in intangible assets, the intensified patent activity, access of enterprises to lending. The TFP dynamics in Ukraine, calculated by the Solow model, is characterized by high growth rates by 2012, a sharp fall in 2013-2015, and a return to the growth path in 2016-2017, but, as in the whole world, by very moderate pace. The factors contributing to this return are capital investment in intangible assets, the increasing patent activity of Ukrainian researchers, the intensified innovation in the high-tech sector. Factors constraining the TFP and the contribution of innovation to economic growth are a significant proportion of technology transfer in the form of “know-how, agreements for the acquisition (transfer) of technologies”, which holds back the widespread introduction of cutting-edge technologies, and the reduction of funding for R&D and innovation. Further studies should be focused on searching for political decisions promoting implementation of structural reforms aimed to solve the existing problems and eliminate their consequences, especially in of the innovation and education field.

Institutional Quality and Economic Growth in Latin America

2010 ◽  
Vol 10 (4) ◽  
pp. 1850214 ◽  
Author(s):  
W. Charles Sawyer
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Total Factor Productivity ◽  
Slow Growth ◽  
Institutional Quality ◽  
Factor Productivity ◽  
History Of ◽  
Determinants Of Economic Growth ◽  
Primary Problem

The purpose of this paper is to relate total factor productivity to the problem of economic growth in Latin America. Slow economic growth has been the most important problem in the modern history of the region. The paper extensively reviews the literature on the determinants of economic growth in Latin America and shows that the slow growth of total factor productivity (TFP) seems to be the primary problem. Further, this problem is linked to the quality of institutions in the region. Unfortunately, the concept of institutional quality is very difficult to define in a meaningful way. This affects public policy towards economic growth in the region. Finally, it is shown that the problem that has been identified may be crucial for Latin America but the region is hardly unique in this regard.

EVALUATING THE CONTRIBUTION OF TOTAL FACTOR PRODUCTIVITY ON AGRICULTURAL GROWTH IN AN GIANG PROVINCE

2018 ◽  
Vol 1 (29) ◽  
pp. 29-37
Author(s):  
Tan Van Truong
Keyword(s):  
Total Factor Productivity ◽  
Agricultural Production ◽  
Science And Technology ◽  
Agricultural Labor ◽  
Factor Productivity ◽  
Agricultural Growth ◽  
Regression Approach ◽  
Investment Capital ◽  
Agricultural Demand

By the growth regression approach, the research has identified that the investment capital contributed 1,939 and agricultural labor contributed 1,291 to the agricultural growth of An Giang province. More specifically, the contribution of TFP (Total Factor Productivity) to the agricultural growth in the period 2000 - 2004 was averagely 0,11%, in 2005 - 2010 was -5,03%, and in period 2011 - 2016 was 0,81%. The total factor productivity contributed to the agricultural growth slowly. In order to raise the contribution of TFP, the research represents 05 solutions including the increase of the effectiveness of using the investment capital, the increase of the quality of labor, the application of the science and technology into agricultural production, agriculturalrestructuring, and the increase of  agricultural demand.

scholarly journals A new Reality: Russia and global Challenges

2015 ◽  
pp. 5-29 ◽  
Author(s):  
D. Medvedev
Keyword(s):  
Economic Growth ◽  
Social Trends ◽  
Global Challenges

The article considers social and economic tasks that Russia faces in the context of the present-time global transformation. The key technological, economic, and social trends, which determine the contours of the post-crisis world, are analyzed. The long-term agenda of the country’s development aimed at securing a new quality of economic growth is proposed.

scholarly journals The development of managerial mechanisms to ensure a technological breakthrough in the Russian economy

2020 ◽  
Vol 9 (4) ◽  
pp. 15-31 ◽  
Author(s):  
O. I. Dontsova ◽  
N. M. Abdikeev ◽  
Yu. S. Bogachev
Keyword(s):  
Economic Growth ◽  
Technological Development ◽  
High Tech ◽  
Governance System ◽  
Technological Breakthrough ◽  
Russian Economy ◽  
Corporate Governance System ◽  
Scientific Potential ◽  
System Factor

The paper is devoted to improving managerial tools to ensure the effective implementation of technological breakthrough in the Russian economy. Solving the tasks of socio-economic development of the country, improving the quality of life of the population, ensuring its geopolitical position is impossible without accelerated economic growth. To ensure it, a technological breakthrough is needed in the Russian economy. In order to create appropriate conditions, new management mechanisms are needed in high-tech corporations. The methodological base of the study is based on the provisions of the theory of corporate governance, system, factor, functional and statistical analysis. The paper analyzes the experience of organizations of accelerated technological development and concludes on the effective structure of the managerial apparatus, which coordinates and monitors the activities of corporations. The main directions of state policy to ensure economic growth are identified, a factor analysis of its effectiveness and mechanisms for the formation of the conditions for the implementation of technological breakthrough are carried out. The domestic scientific potential of providing a technological breakthrough in the Russian economy is shown, the effectiveness of mechanisms for converting scientific achievements into breakthrough technologies is considered. The analysis results carried out in the work indicate the absence of a system of concentration of scientific potential for the creation of high-tech innovations. The structure of the scientific and technical platform for generating knowledge and its transformation into competitive technologies in priority sectors of the real sector of the economy is proposed, its organizational form is determined. The work results can be used in solving strategic problems of modernization of high-tech manufacturing industries.

scholarly journals Pakistan’s Productivity Performance and TFP Trends, 1980–2015: Cause for Real Concern

2016 ◽  
Vol 21 (Special Edition) ◽  
pp. 33-63 ◽  
Author(s):  
Rashid Amjad ◽  
Namra Awais
Keyword(s):  
Economic Growth ◽  
East Asia ◽  
Total Factor Productivity ◽  
Labor Productivity ◽  
Productivity Growth ◽  
Output Growth ◽  
Factor Productivity ◽  
Sustained Growth ◽  
Growth Prospects ◽  
High Output

This paper reviews Pakistan’s productivity performance over the last 35 years (1980–2015) and identifies factors that help explain the declining trend in labor productivity and total factor productivity (TFP), both of which could have served as major drivers of productivity growth – as happened in East Asia and more recently in India. A key finding is that the maximum TFP gains and their contribution to economic growth are realized during periods of high-output growth. The lack of sustained growth and low and declining levels of investment appear to be the most important causes of the low contribution of TFP to productivity growth, which has now reached levels that should be of major concern to policymakers vis-à-vis Pakistan’s growth prospects.

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