The Determinants of TFP Growth in the Portuguese Manufacturing Sector

Daniel Gonçalves () and Ana Martins ()
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Daniel Gonçalves: Gabinete Estratégia e Estudos Ministério Economia / Office for Strategy and Studies - Ministério da Economia / Ministry of Economy
Ana Martins: Gabinete Estratégia e Estudos Ministério Economia / Office for Strategy and Studies - Ministério da Economia / Ministry of Economy

No 62, GEE Papers from Gabinete de Estratégia e Estudos, Ministério da Economia

Abstract: Given the linkage between Total Factor Productivity growth and economic growth, it becomes relevant to understand, at the firm level, which are the main determinants of such growth path. We use an extensive panel data covering Portuguese manufacturing firms, between 2010 and 2014, in order to assess which are the main determinants of the Total Factor Productivity. Through a second stage estimation we present a fixed-effects model that captures different dimensions of firm level characteristics that impact TFP growth, suggesting policy recommendations amid the model’s results. Our results show that age and debt influence negatively TFP growth, whereas size, exports and training expenses prompt TFP growth.

Keywords: Total Factor Productivity; LEVPET; Industry (search for similar items in EconPapers)
JEL-codes: D22 D24 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2016-11, Revised 2016-11
New Economics Papers: this item is included in nep-cse, nep-eff and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:mde:wpaper:0062

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