Abstract
There are many studies on Total Factor Productivity growth in the literature. These studies generally cover the pairwise correlation between total factor productivity growth and other variables. There is not multivariable study. This study examines relationship between economic freedom, human capital, intra-industry trade, foreign direct investment and their interaction effect on total factor productivity growth in natural resource rich and OECD countries. Panel data analysis is used in covering 20 Natural Resource Rich, 34 OECD countries between 1980 and 2014. Instrumental variables and Two Step Generalized Method of Moments are used to model relationship. There is a significant relation between total factor productivity growth and other variables in both models except foreign direct investment in natural resource rich countries.
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