Total Factor Productivity and Macroeconomic Instability

Total Factor Productivity and Macroeconomic Instability

Total factor productivity (TFP) is an important component of growth for most countries. This paper assesses the role of macroeconomic instability on TFP growth. We consider volatility in inflation, openness of an economy and financial market deepness as measures of macroeconomic instability. Empiric...

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Bibliographic Details
Main Authors: Berument, Hakan, Nergiz Dincer, N., Mustafaoglu, Zafer
Format: Journal Article
Language:en_US
Published: Taylor and Francis 2013
Subjects:
macroeconomic instability
TFP growth
VAR-GARCH models
Online Access:http://hdl.handle.net/10986/13269
id okr-10986-13269
recordtype oai_dc
spelling okr-10986-132692021-04-23T14:03:07Z Total Factor Productivity and Macroeconomic Instability Berument, Hakan Nergiz Dincer, N. Mustafaoglu, Zafer macroeconomic instability TFP growth VAR-GARCH models Total factor productivity (TFP) is an important component of growth for most countries. This paper assesses the role of macroeconomic instability on TFP growth. We consider volatility in inflation, openness of an economy and financial market deepness as measures of macroeconomic instability. Empirical evidence provided from Turkey suggests that volatility of openness and financial market deepness reduce TFP growth, whereas volatility of inflation increases TFP growth. 2013-04-25T16:01:57Z 2013-04-25T16:01:57Z 2011-05-24 Journal Article The Journal of International Trade & Economic Development http://hdl.handle.net/10986/13269 en_US The Journal of International Trade & Economic Development;20(5) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic macroeconomic instability
TFP growth
VAR-GARCH models
spellingShingle macroeconomic instability
TFP growth
VAR-GARCH models
Berument, Hakan
Nergiz Dincer, N.
Mustafaoglu, Zafer
Total Factor Productivity and Macroeconomic Instability
relation The Journal of International Trade & Economic Development;20(5)
description Total factor productivity (TFP) is an important component of growth for most countries. This paper assesses the role of macroeconomic instability on TFP growth. We consider volatility in inflation, openness of an economy and financial market deepness as measures of macroeconomic instability. Empirical evidence provided from Turkey suggests that volatility of openness and financial market deepness reduce TFP growth, whereas volatility of inflation increases TFP growth.
format Journal Article
author Berument, Hakan
Nergiz Dincer, N.
Mustafaoglu, Zafer
author_facet Berument, Hakan
Nergiz Dincer, N.
Mustafaoglu, Zafer
author_sort Berument, Hakan
title Total Factor Productivity and Macroeconomic Instability
title_short Total Factor Productivity and Macroeconomic Instability
title_full Total Factor Productivity and Macroeconomic Instability
title_fullStr Total Factor Productivity and Macroeconomic Instability
title_full_unstemmed Total Factor Productivity and Macroeconomic Instability
title_sort total factor productivity and macroeconomic instability
publisher Taylor and Francis
publishDate 2013
url http://hdl.handle.net/10986/13269
_version_ 1764423050141368320

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