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THE PRODUCTIVITY SPILLOVERS AS THE SOURCE OF ECONOMIC GROWTH – AN EMPIRICAL ANALYSIS WITH EUROPEAN UNION COUNTRIES†DATA
(STEF92 Technology, 2014, Zemguliene, J.)
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The purpose of this paper is to test to what extent an economic growth can be attributed to the international knowledge spillovers. The knowledge spillover is related to the possible output growth gains from the total factor productivity increase in other countries. Analysis of growth accounting was based on the production function of neo-classical growth model. The augmented production function accounted for the labour, physical and human capital, and also captured the other country†s total factor productivity ...



