The impact of the Great Recession on TFP convergence among EU countries

被引：6
|
作者：
Anon Higon, Dolores
Manez, Juan A.
Rochina-Barrachina, Maria E. [1 ]
Sanchis, Amparo
Sanchis, Juan A.
机构：
[1] Univ Valencia, Fac Econ, Dept Appl Econ 2, Valencia, Spain
来源：
APPLIED ECONOMICS LETTERS | 2018年 / 25卷 / 06期
关键词：
Convergence; TFP; Great Recession; European Union countries; ECONOMIC-GROWTH; PRODUCTIVITY; COMPETITION;
D O I：
10.1080/13504851.2017.1324609
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article provides evidence on the effect of the Great Recession on productivity convergence among European Union (EU) economies. We use firm data, aggregated at the country-year level, to analyse the evolution of beta-convergence on total factor productivity (TFP) for 2003-2014. We obtain a positive impact of the recession on TFP (unconditional and conditional) beta-convergence across EU economies. These results support the existence of a catching-up process within the EU during the recent financial crisis. Other macroeconomic and institutional characteristics are important in fostering TFP growth, namely R&D intensity and quality of governance.
引用
收藏
页码：393 / 396
页数：4
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