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A note on the relationship between the total factor productivity and the network of firms
- 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.
- Subjects :
- Economics and Econometrics
05 social sciences
Omitted-variable bias
01 natural sciences
010305 fluids & plasmas
Solow residual
Panel analysis
Robustness (computer science)
0502 economics and business
0103 physical sciences
Economics
Econometrics
Endogeneity
050207 economics
Business and International Management
Total factor productivity
Subjects
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