Abstract
In this study, the influence of factors affecting the efficiency of gross factors was quantitatively evaluated. Binary variables were used for the existence of a shift in the trend of gross factor efficiency in the national economy. The fully optimized ordinary least squares (FMOLS) method was used because the gross factor efficiency and its activating factors were non-stationary with respect to time. According to the results of the research, it was found that increasing the index of economic freedom by 1 point can increase the efficiency of gross factors by 0.8%. KEY WORDS: Solow residual, binary variables, index of economic freedom, technological development
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: EPRA International Journal of Economic and Business Review
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
