The aim of the present work is to focus attention on the role of technological progress in the economic growth of Mediterranean countries. The Mediterranean is an area that has only partially been covered by international statistics and by the specialized literature. Therefore, it has been necessary to start measuring the data of the 24 observed countries using a consistent methodology. Based on the estimated data, it has then been possible to estimate total factor productivity, which we have considered to be a synthesis of many elements that affect the overall efficiency of the economy. Estimates of the t f p also made it possible to break up the growth rate of aggregate output per worker into the contribution of physical capital, human capital and TFP.
The role of total factor productivity in the Mediterranean countries
Pipitone Vito
2009
Abstract
The aim of the present work is to focus attention on the role of technological progress in the economic growth of Mediterranean countries. The Mediterranean is an area that has only partially been covered by international statistics and by the specialized literature. Therefore, it has been necessary to start measuring the data of the 24 observed countries using a consistent methodology. Based on the estimated data, it has then been possible to estimate total factor productivity, which we have considered to be a synthesis of many elements that affect the overall efficiency of the economy. Estimates of the t f p also made it possible to break up the growth rate of aggregate output per worker into the contribution of physical capital, human capital and TFP.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
