DETERMINANTS OF PRODUCTIVITY GROWTH IN DEVELOPING COUNTRIES: WHAT REALLY MATTERS?
Анотація
The research questions are what really matters for productivity growth of developing countries; how productivity growth determinants contribute for certain developing countries groups. Our study covers a set of key productivity growth determinants and investigates the causal impact of the determinants on total factor productivity in our sample. For empirical testing we use panel data methods for 72 developing countries for 1991–2011 with fixed effects in combination with instrumental variable analysis.. Our main empirical results report that imports in GDP and more significantly imports from highly innovative countries in GDP, foreign R&D activity spillovers, FDIs, use of foreign intellectual property rights, and institutional improvement stay key factors of productivity growth in developing countries while human capital and domestic R&D activity have more ambiguously impact 1 . Key words: productivity growth; developing countries; trade; international technology diffusion; total factor productivity, research and development; institutions.
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