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https://doi.org/10.17535/crorr.2020.0021

Export and total factor productivity of EU new member states

Saša Jakšić orcid id orcid.org/0000-0003-4681-4280 ; University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia
Nataša Erjavec orcid id orcid.org/0000-0002-0943-2198 ; University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia
Boris Cota orcid id orcid.org/0000-0002-1349-6880 ; University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia


Puni tekst: engleski pdf 394 Kb

str. 263-273

preuzimanja: 251

citiraj


Sažetak

The common denominator of the European Union’s (EU) strategic long-run documents is the role of total factor productivity in fostering future growth and competitiveness. Hence, this article analyses the impact of total factor productivity on export competitiveness in EU new member states (NMS). As opposed to the stagnation of the growth of total factor productivity in the advanced economies, EU NMS exhibited stronger growth that was interrupted due to the 2008 economic and financial crisis. After the crisis, the growth continued but it was not as strong as before. The results of the empirical analysis confirm the vital role of total factor productivity for the export competitiveness of the EU NMS. However, the results also point to the fact that the impact of total factor productivity on export competitiveness is not that beneficial in the countries where the value of total factor productivity has not returned to the pre-crisis level.

Ključne riječi

dynamic panel models, EU new members, export competitiveness, total factor productivity

Hrčak ID:

248155

URI

https://hrcak.srce.hr/248155

Posjeta: 622 *