 GUIDELINES FOR PROMOTING SCIENCE, TECHNOLOGY AND TECHNICAL–SCIENTIFIC CREATIVITY, BY ANALYZING THE COMPANIES’ PERFORMANCES, IN THE CONTEXT OF THE GLOBALIZED ECONOMYCosmin Fratostiteanu Journal of Applied Economic Sciences, 2010, vol. 5, issue 3(13)/Fall 2010, 247-257 Abstract: In this paper the Stochastic Frontier approach was used for the estimation and decomposition of manufacturing TFP growth in 14 EU member countries, drawing upon the EU–KLEMS database. This study identifies some key issues: in the period 1970–2005, the TFP rate of change in the EU manufacturing sector constantly decreased, mainly due to the reduction in technical efficiency and, to a lesser extent, to the decline in the rate of growth of input factors and allocative efficiency. In the same period, the sector recorded considerable technical progress, which, nonetheless, did not offset the negative forces which pulled the EU TFP growth down, especially in the last decade of the sample period. Keywords: globalization; new economy; technical–scientific progress; economic performance efficiency (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ush:jaessh:v:5:y:2010:i:3(13)_fall2010:p:112 Access Statistics for this article Journal of Applied Economic Sciences is currently edited by Laura Stefanescu More articles in Journal of Applied Economic Sciences from Spiru Haret University, Faculty of Financial Management and Accounting Craiova Contact information at EDIRC. |
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