TOPLAM FAKTÖR VERİMLİLİĞİ BÜYÜMESİNDE EKONOMİK ÖZGÜRLÜK, TİCARET VE TEKNOLOJİNİN ROLÜ

Year 2021, , 292 - 315, 31.12.2021

Cumhur Taş Veysel Ulusoy

https://doi.org/10.14514/BYK.m.26515393.2021.9/2.292-315

Abstract

Literatürde Toplam Faktör Verimliliği artışı ile ilgili birçok çalışma bulunmaktadır. Bu çalışmalar genellikle toplam faktör verimliliği büyümesi ile diğer değişkenler arasındaki ikili korelasyonu kapsamaktadır. Çok değişkenli çalışma bulunmamaktadır. Bu çalışma ekonomik özgürlük, insan sermayesi, endüstri içi ticaret, doğrudan yabancı yatırım arasındaki ilişkiyi ve bunların doğal yaynak zenginliği ve OECD ülkelerinde toplam faktör verimliliği artışı üzerindeki etkilerini incelemektedir. Panel veri analizi 1980-2014 döneminde 20 doğal kaynak zengini, 34 OECD ülkesini kapsamaktadır. İlişkiyi modellemek için araç değişkenler ve iki adımlı genelleştirilmiş momentler yöntemi kullanılmıştır. Her iki modelde de doğal kaynak zengini ülkelerde doğrudan yabancı yatırım dışında toplam faktör verimliliği artışı ile diğer değişkenler arasında bir ilişki olduğu görülmüştür..

THE ROLE OF ECONOMIC FREEDOM, TRADE AND TECHNOLOGY ON TOTAL FACTOR PRODUCTIVITY GROWTH

Abstract

There are many studies on Total Factor Productivity growth in the literature. These studies generally cover the pairwise correlation between total factor productivity growth and other variables. There is not multivariable study. This study examines relationship between economic freedom, human capital, intra-industry trade, foreign direct investment and their interaction effect on total factor productivity growth in natural resource rich and OECD countries. Panel data analysis is used in covering 20 Natural Resource Rich, 34 OECD countries between 1980 and 2014. Instrumental variables and Two Step Generalized Method of Moments are used to model relationship. There is a significant relation between total factor productivity growth and other variables in both models except foreign direct investment in natural resource rich countries.

Keywords

Intra Industry Trade, Foreign Direct Investment, Human Capital, Economic Freedom, Total Productivity Growth, Generalized Method of Moments (GMM)

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