The Role of Institutional Quality on Total Factor Productivity: A Comparative Analysis on the CEE and MENA Economies

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Author(s): Tarkan Cavusoglu (Hacettepe University, Turkey)and Debi Konukcu Onal (Hacettepe University, Turkey)
Copyright: 2016
Pages: 29
Source title: Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region
Source Author(s)/Editor(s): M. Mustafa Erdoğdu (Marmara University, Turkey)and Bryan Christiansen (PryMarke, LLC, USA)
DOI: 10.4018/978-1-4666-9548-1.ch006

Keywords: Business & Management / Business Science Reference / Economics & Economic Theory / Economics and Economic Theory

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Abstract

Within the settings of the economic growth literature, this study aims at analyzing the determinants of total factor productivity in the Central and Eastern Europe (CEE) and the Middle East and North Africa (MENA) regions, with a special emphasis on institutional quality. Beside descriptive analyses, several fixed-effect panel data regressions are estimated, which enables both cross-country and cross-regional analyses. Estimation results provide strong statistical evidence of institutional influences on total factor productivity in the CEE and MENA economies.

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The Role of Institutional Quality on Total Factor Productivity: A Comparative Analysis on the CEE and MENA Economies

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