Total factor productivity drivers in the selected EU countries: Cointegration approach
Zoran Borović
orcid.org/0000-0002-7056-0762
; Faculty of Economics, University of Banja Luka, Banja Luka, BiH.
Mladen Rebić
; Faculty of Economics, University of East Sarajevo, Pale, BiH
Dalibor Tomaš
; Faculty of Economics, University of Banja Luka, Banja Luka, BiH
APA 6th Edition Borović, Z., Rebić, M. i Tomaš, D. (2020). Total factor productivity drivers in the selected EU countries: Cointegration approach. Zbornik radova Ekonomskog fakulteta u Rijeci, 38 (1), 295-315. https://doi.org/10.18045/zbefri.2020.1.295
MLA 8th Edition Borović, Zoran, et al. "Total factor productivity drivers in the selected EU countries: Cointegration approach." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 38, br. 1, 2020, str. 295-315. https://doi.org/10.18045/zbefri.2020.1.295. Citirano 28.01.2021.
Chicago 17th Edition Borović, Zoran, Mladen Rebić i Dalibor Tomaš. "Total factor productivity drivers in the selected EU countries: Cointegration approach." Zbornik radova Ekonomskog fakulteta u Rijeci 38, br. 1 (2020): 295-315. https://doi.org/10.18045/zbefri.2020.1.295
Harvard Borović, Z., Rebić, M., i Tomaš, D. (2020). 'Total factor productivity drivers in the selected EU countries: Cointegration approach', Zbornik radova Ekonomskog fakulteta u Rijeci, 38(1), str. 295-315. https://doi.org/10.18045/zbefri.2020.1.295
Vancouver Borović Z, Rebić M, Tomaš D. Total factor productivity drivers in the selected EU countries: Cointegration approach. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2020 [pristupljeno 28.01.2021.];38(1):295-315. https://doi.org/10.18045/zbefri.2020.1.295
IEEE Z. Borović, M. Rebić i D. Tomaš, "Total factor productivity drivers in the selected EU countries: Cointegration approach", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.38, br. 1, str. 295-315, 2020. [Online]. https://doi.org/10.18045/zbefri.2020.1.295
APA 6th Edition Borović, Z., Rebić, M. i Tomaš, D. (2020). Pokretači ukupne faktorske produktivnosti u odabranim zemljama EU: kointegracijski pristup. Zbornik radova Ekonomskog fakulteta u Rijeci, 38 (1), 295-315. https://doi.org/10.18045/zbefri.2020.1.295
MLA 8th Edition Borović, Zoran, et al. "Pokretači ukupne faktorske produktivnosti u odabranim zemljama EU: kointegracijski pristup." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 38, br. 1, 2020, str. 295-315. https://doi.org/10.18045/zbefri.2020.1.295. Citirano 28.01.2021.
Chicago 17th Edition Borović, Zoran, Mladen Rebić i Dalibor Tomaš. "Pokretači ukupne faktorske produktivnosti u odabranim zemljama EU: kointegracijski pristup." Zbornik radova Ekonomskog fakulteta u Rijeci 38, br. 1 (2020): 295-315. https://doi.org/10.18045/zbefri.2020.1.295
Harvard Borović, Z., Rebić, M., i Tomaš, D. (2020). 'Pokretači ukupne faktorske produktivnosti u odabranim zemljama EU: kointegracijski pristup', Zbornik radova Ekonomskog fakulteta u Rijeci, 38(1), str. 295-315. https://doi.org/10.18045/zbefri.2020.1.295
Vancouver Borović Z, Rebić M, Tomaš D. Pokretači ukupne faktorske produktivnosti u odabranim zemljama EU: kointegracijski pristup. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2020 [pristupljeno 28.01.2021.];38(1):295-315. https://doi.org/10.18045/zbefri.2020.1.295
IEEE Z. Borović, M. Rebić i D. Tomaš, "Pokretači ukupne faktorske produktivnosti u odabranim zemljama EU: kointegracijski pristup", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.38, br. 1, str. 295-315, 2020. [Online]. https://doi.org/10.18045/zbefri.2020.1.295
Sažetak In this paper, we will present the results of our survey on TFP and its main drivers. For this purpose, our analysis is based on a sample of thirteen EU countries for the period 1995 - 2016. In the first iteration, we have estimated the TFP for selected countries. The main goal of this paper is to determine the existence of a long-run relationship, ie. cointegration between the TFP and its main drivers. To do so, in the second iteration we have used the relatively new panel ARDL (Autoregressive Distributed Lag) model proposed by Pesaran (1997) and Pesaran and Shin (1999). The obtained results in this paper reveal the existence of a long-term relationship, i.e. co-integration between the TFP on one hand, and R&D, and ICT, on the other hand, confirming the basic hypothesis that there is a long-term and statistically significant relationship, i.e. co-integration between the above-mentioned variables.