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A note on the relationship between the total factor productivity and the network of firms

Authors :
Antonio Palestrini
Enrico Guzzini
Source :
Journal of Economic Interaction and Coordination. 14:419-423
Publication Year :
2017
Publisher :
Springer Science and Business Media LLC, 2017.

Abstract

In this paper we study the robustness of the results found recently by Guzzini and Palestrini (J Econ Interact Coord 11:35–55, 2016). Since the original analysis was carried out in a static setting, we perform a dynamic panel analysis by using the same dataset. The inclusion of the lagged value of the endogenous variable, missing in the original paper, could be justified for several reasons. Firstly, the statistical relationship may have itself a dynamical nature; secondly the inclusion of lagged-endogenous variable is a way to mitigate the possibility of an omitted variable problem. We find that the results are only qualitatively the same, and we discuss the quantitative differences.

Details

ISSN :
18607128 and 1860711X
Volume :
14
Database :
OpenAIRE
Journal :
Journal of Economic Interaction and Coordination
Accession number :
edsair.doi...........cc6766a7760727cb6ec145fb65495fd9
Full Text :
https://doi.org/10.1007/s11403-017-0203-6