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| Content Provider | Springer Nature Link |
|---|---|
| Author | Ogun, Oluremi |
| Copyright Year | 2015 |
| Abstract | In this paper, I present a model of productivity growth. I stress the need to generate a long-run productivity growth trend from its fundamentals. The short-run and the long-run determinants of productivity growth are ascertained. The productivity growth fundamentals incorporated into the model are the national systems of innovation, law and order, openness and corruption. Preliminary data investigation is undertaken to condition appropriate modeling. Cointegration and error correction modeling techniques are found to be suitable for the empirical test. The parsimonious error correction model of the observed productivity growth explains over 70% of the short-run variations in the dependent variable. |
| Ending Page | 392 |
| Page Count | 10 |
| Starting Page | 383 |
| File Format | |
| ISSN | 01974254 |
| e-ISSN | 15739678 |
| Journal | Atlantic Economic Journal |
| Issue Number | 3 |
| Volume Number | 43 |
| Language | English |
| Publisher | Springer US |
| Publisher Date | 2015-07-30 |
| Publisher Place | New York |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Growth theory and models Macroeconomics/Monetary Economics Economic Methodology Economics general General economics teaching Macroeconomics and Monetary Economics: General Microeconomics Economic methodology International Economics Public Finance & Economics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics, Econometrics and Finance |
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