The Role of Total Factor Productivity Growth in Middle Income Countries

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dc.contributor.authorADB; Kim, Jungsuk; Park, Jungsoo
dc.date.accessioned2021-10-05T15:02:02Z
dc.date.available2021-10-05T15:02:02Z
dc.date.issued2017-11
dc.descriptionA study based on cross-country panel data shows that total factor productivity growth is the main factor explaining the income group transition of countries, especially for middle-income countries. The TFP growth model reveals that the catch-up effect, human capital, smaller population, weak currency, and research and development (R&D) growth are significant sources explaining TFP growth. Strengthening innovative activities and building innovative capacities matter in overcoming middle-income country challenges. Governments in upper-middle-income countries need reform to motivate innovation by optimizing national R&D system and redesigning education system targeted toward promoting innovation.
dc.format.extent32
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn23136537
dc.identifier.issn23136545
dc.identifier.urihttps://www.adb.org/publications/role-total-factor-productivity-growth-middle-income-countries
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5133
dc.subject.otherEconomics
dc.subject.otherEducation
dc.subject.otherEducation sector development
dc.titleThe Role of Total Factor Productivity Growth in Middle Income Countries
local.publication.countryRegional - Asia and the Pacific

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