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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
Language:en_US
Published: Taylor and Francis 2013
Subjects:
macroeconomic instability
TFP growth
VAR-GARCH models
Online Access:http://hdl.handle.net/10986/13269

Internet

http://hdl.handle.net/10986/13269

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