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:: Volume 28, Issue 93 (Quarterly journal of economic research and policies 2020) ::
qjerp 2020, 28(93): 267-295 Back to browse issues page
The Role of Factors Influencing Total Factor Productivity in East and West Asia with Emphasis on Human Capital and Oil Rents
Saeid Jafari , Marziyeh Esfandiari * , Mosayeb Pahlavani
University of Sistan and Baluchestan , m.esfandiari@eco.usb.ac.ir
Abstract:   (2493 Views)
The purpose of this study is to investigate the factors affecting TFP in the East and West Asia in order to discover the reasons for the difference in total productivity in each of these regions. For this purpose, factors affecting TFP, especially human capital and oil rents, were investigated using several static and dynamic models and forming two distinct groups from East and West Asia. The results of the static models show that human capital, oil rents, trade openness and energy intensity are the most important reasons for the difference in total factor productivity in East and West Asian countries. Human capital and oil rents in West Asia have led to a decline in TFP, while human capital in East Asia has led to an increase in TFP. The degree of trade openness and energy intensity in West Asia are also important contributors to TFP growth while in the East Asia they are among the deterrents. Also, based on the results of dynamic models, total factor productivity in the past period has had the greatest role in total factor productivity in the current period for West and East Asian countries.
Keywords: Total Factor Productivity, Human Capital, Oil Rents, Energy Consumption
Full-Text [PDF 655 kb]   (610 Downloads)    
Type of Study: Research | Subject: Special
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Jafari S, Esfandiari M, Pahlavani M. The Role of Factors Influencing Total Factor Productivity in East and West Asia with Emphasis on Human Capital and Oil Rents. qjerp 2020; 28 (93) :267-295
URL: http://qjerp.ir/article-1-2555-en.html


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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 28, Issue 93 (Quarterly journal of economic research and policies 2020) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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