... of the common currency, and Lisbon Reforms. We employ two principal measures of firm welfare: firm-level markup and total factor productivity, which respectively reflect firm-level profitability and productivity. Findings Contrary to our initial expectations of a welfare-enhancing effect, a 1% increase...

... mediated by skill, infrastructure and labor diffusion on total factor productivity (TFP). Design/methodology/approach This study uses factory-level panel data for the Indian manufacturing sector and uses spatial autoregressive (SAR) and spatial Durbin model (SDM) based on distance and contiguity...

...Gianni Carvelli Purpose The purpose of this study is to provide new insights into the relationship between fiscal policy and total factor productivity (TFP) while accounting for several economic and econometric issues of the phenomenon like non-stationarity, fiscal feedback effects, persistence...

... The paper uses two-stage least squares (2SLS) to examine the role of wages, skills development and R&D, as well as other vital factors, impacting productivity as measured by labour productivity and total factor productivity. Findings Thai manufacturing firms' technology in aggregate exhibits...

... boards lead to cost inefficiencies. Strict risk governance structures circumvent the negative effects of high regulatory capital and improve efficiency and total factor productivity. However, friendly boards do not perform efficiently in the presence of regulatory capital, implying that incentives...

...Awadhesh Pratap Singh; Chandan Sharma Purpose The goal of this study is to investigate the nexus among TFP (total factor productivity), IT (information technology) capital accumulation, skills and key plant variables of 34 Indian industries for the period of 2009–2015. Design/methodology...

... of governance using benefit-of-the-doubt approach. Next, to explain state-level differences in total factor productivity (TFP), the authors assess the impact of a composite index of governance on industrial TFP of Indian states using alternate techniques and controlling for endogeneity. The authors also...

...Vladimir Kühl Teles; Caio Cesar Mussolini Purpose The purpose of this paper is to analyse the relationship between infrastructure and total factor productivity (TFP) in the four major Latin American economies: Argentina, Brazil, Chile, and Mexico. Design/methodology/approach The authors...