A note on the relationship between the total factor productivity and the network of firms

Antonio Palestrini () and Enrico Guzzini ()
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Enrico Guzzini: Università Politecnica delle Marche

Journal of Economic Interaction and Coordination, 2019, vol. 14, issue 2, No 8, 419-423

Abstract: Abstract In this paper we study the robustness of the results found recently by Guzzini and Palestrini (J Econ Interact Coord 11:35–55, 2016). Since the original analysis was carried out in a static setting, we perform a dynamic panel analysis by using the same dataset. The inclusion of the lagged value of the endogenous variable, missing in the original paper, could be justified for several reasons. Firstly, the statistical relationship may have itself a dynamical nature; secondly the inclusion of lagged-endogenous variable is a way to mitigate the possibility of an omitted variable problem. We find that the results are only qualitatively the same, and we discuss the quantitative differences.

Keywords: Total factor productivity; Solow residual; Dynamic panel analysis (search for similar items in EconPapers)
JEL-codes: D24 L14 O47 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s11403-017-0203-6

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