EconPapers    
Economics at your fingertips  
 

A Fundamental-based Approach to Productivity Growth

Oluremi Ogun ()

Atlantic Economic Journal, 2015, vol. 43, issue 3, 383-392

Abstract: In this paper, I present a model of productivity growth. I stress the need to generate a long-run productivity growth trend from its fundamentals. The short-run and the long-run determinants of productivity growth are ascertained. The productivity growth fundamentals incorporated into the model are the national systems of innovation, law and order, openness and corruption. Preliminary data investigation is undertaken to condition appropriate modeling. Cointegration and error correction modeling techniques are found to be suitable for the empirical test. The parsimonious error correction model of the observed productivity growth explains over 70% of the short-run variations in the dependent variable. Copyright International Atlantic Economic Society 2015

Keywords: General economics teaching; Economic methodology; Growth theory and models; B4; E00; 040 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s11293-015-9467-1 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:43:y:2015:i:3:p:383-392

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11293/PS2

Access Statistics for this article

Atlantic Economic Journal is currently edited by Kathleen S. Virgo

More articles in Atlantic Economic Journal from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-15
Handle: RePEc:kap:atlecj:v:43:y:2015:i:3:p:383-392