Total Factor Productivity and the Significance of the Public Sector

IF 1 4区管理学 Q3 PUBLIC ADMINISTRATION

Transylvanian Review of Administrative Sciences Pub Date : 2023-06-28 DOI:10.24193/tras.69e.7

Sonja Šlander Wostner, F. Krizanic, B. Brezovnik, Borut Vojinović

{"title":"Total Factor Productivity and the Significance of the Public Sector","authors":"Sonja Šlander Wostner, F. Krizanic, B. Brezovnik, Borut Vojinović","doi":"10.24193/tras.69e.7","DOIUrl":null,"url":null,"abstract":"\"It is typical in the modern world that most eco nomic growth is explained by an increase in total fac tor productivity, commonly accompanied by the rise of real capital. After the last financial crisis, Slovenia was specific in the growth of total factor productivity between 2009 and 2019 in that the 44 analyzed in dustries substituted the decline of net real values of fixed capital, associated with a large contraction in bank loans to non-financial corporations. During this period, Slovenia’s total factor productivity strength ened due to increases in innovative potential, human capital (employees with higher education), and the share of foreign trade in Slovenia’s GDP. The public sector played an important role in this, as the increase in innovation potential and human capital was the result of the increase in the real lev el of Slovenian Export and Development Bank loans to enterprises and from extensive EU Structural and Cohesion Funds placements. The growth of inno vation potential was influenced by the rise in the number of full-time researchers, and the increase in human capital was influenced by the economic cli mate in the EU\"","PeriodicalId":45832,"journal":{"name":"Transylvanian Review of Administrative Sciences","volume":"1 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transylvanian Review of Administrative Sciences","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.24193/tras.69e.7","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"PUBLIC ADMINISTRATION","Score":null,"Total":0}

引用次数: 0

Abstract

"It is typical in the modern world that most eco nomic growth is explained by an increase in total fac tor productivity, commonly accompanied by the rise of real capital. After the last financial crisis, Slovenia was specific in the growth of total factor productivity between 2009 and 2019 in that the 44 analyzed in dustries substituted the decline of net real values of fixed capital, associated with a large contraction in bank loans to non-financial corporations. During this period, Slovenia’s total factor productivity strength ened due to increases in innovative potential, human capital (employees with higher education), and the share of foreign trade in Slovenia’s GDP. The public sector played an important role in this, as the increase in innovation potential and human capital was the result of the increase in the real lev el of Slovenian Export and Development Bank loans to enterprises and from extensive EU Structural and Cohesion Funds placements. The growth of inno vation potential was influenced by the rise in the number of full-time researchers, and the increase in human capital was influenced by the economic cli mate in the EU"

查看原文本刊更多论文

全要素生产率与公共部门的意义

“在现代世界，大多数经济增长都是由生产率总要素的增加来解释的，通常伴随着实际资本的增加。在上一次金融危机之后，斯洛文尼亚在2009年至2019年期间全要素生产率的增长方面是具体的，因为所分析的44个行业取代了固定资本净实际价值的下降，这与银行对非金融公司贷款的大幅收缩有关。在此期间，由于创新潜力、人力资本(受过高等教育的员工)和外贸在斯洛文尼亚国内生产总值中所占份额的增加，斯洛文尼亚的全要素生产率得到了加强。公共部门在这方面发挥了重要作用，因为创新潜力和人力资本的增加是斯洛文尼亚出口和开发银行向企业提供的实际贷款水平增加以及欧盟结构和凝聚力基金的广泛安置的结果。创新潜力的增长受到专职研究人员数量增加的影响，人力资本的增长受到欧盟经济形势的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Transylvanian Review of Administrative Sciences PUBLIC ADMINISTRATION-

CiteScore

2.10

自引率

10.00%

发文量

审稿时长

25 weeks

期刊介绍： TRAS represents a collective effort initiated by an international group aimed at boosting the research in the field of public administration in a country where during the communist regime there was no tradition in this sense. TRAS represents a unique source of specialized analysis of the ex-communist space, of the transition processes to democracy, of the reform of public administration, and of comparative analysis of administrative systems. The general topic covered by the articles in the Review is administrative sciences. As a result of an interdisciplinary, modern approach, the articles cover the following specific themes: Public management, public policy, administrative law, public policy analysis, regional development, community development, public finances, urban planning, program evaluation in public administration, ethics, comparative administrative systems, etc. TRAS encourages the authors to submit articles that are based on empirical research. From the standpoint of the topic covered, TRAS is lined up with the trends followed by other international journals in the field of public administration. All articles submitted to the Transylvanian Review of Administrative Sciences have to present a clear connection to the field of administrative sciences and the research (both theoretical and empirical) should be conducted from this perspective. Interdisciplinary topics related to organizational theory, sustainable development and CSR, international relations, etc. can be considered for publication, however the research needs to address relevant issues from the perspective of the public sector. Articles which use highly specialized econometrics models as well as studies addressing macro-economic topics will not be considered for evaluation. The decision on whether a certain topic falls within the interest of TRAS belongs to the editors and it is not connected with the overall quality of the work submitted.