Total factor productivity and macroeconomic instability

Total factor productivity and macroeconomic instability
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全要素生产率与宏观经济不稳定

DOI:
10.1080/09638190903365930
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发表时间:
2011
期刊:
影响因子:
--
通讯作者:
Zafer Mustafaoglu
Zafer Mustafaoglu
中科院分区:
--
文献类型:
--
作者:
Hakan Berument;N. Dincer;Zafer Mustafaoglu

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全要素生产率(TFP)是大多数国家经济增长的重要组成部分。本文评估了宏观经济不稳定对全要素生产率增长的影响。我们将通货膨胀的波动性、经济的开放性和金融市场的深度视为宏观经济不稳定的衡量标准。土耳其提供的经验证据表明,开放的波动性和金融市场的深度降低了全要素生产率增长,而通货膨胀的波动性提高了全要素生产率增长。
Total factor productivity (TFP) is an important component of growth for most countries. This article 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. Empirical evidence provided from Turkey suggests that volatility of openness and financial market deepness reduce TFP growth, whereas volatility of inflation increases TFP growth.
DOI: 10.2307/1912324
发表时间: 1986-09-01
期刊: ECONOMETRICA
影响因子: 6.1
作者:
CUKIERMAN, A;MELTZER, AH
通讯作者: MELTZER, AH