Total factor productivity
Posted: Tue Apr 12, 2011 1:51 pm
Hi.
During the last semester I have been studing how to measure the total factor productivity, and now I am trying to measure the correlation between total factor productivity and bunch of macroeconomics determinants, like inflation, GDP, FDI etc in the last 30 years. I have never done any time series analysis, but I am quite familiar with linear regression analysis. I know that a lot of testes have to be done, before I can even think about a regression analysis. So I wonder if anyone can give me some tips about where to start. I have read some econometrics books, and I have been working with Eviews. I have all the data I need. Here is the file I have made in Eviews.
I was wondering if someone could look at the data, if there is autocorrelation, heteroscedasticity etc. All the data is measured by finding the growth rate for each year. Should I use real data, or use the growth rates? I thought that when the dependent variable (TFP) is measured by calculating the growth rate, so the other variables should be measured in the same way. I could need all help.
Rouzbeh
During the last semester I have been studing how to measure the total factor productivity, and now I am trying to measure the correlation between total factor productivity and bunch of macroeconomics determinants, like inflation, GDP, FDI etc in the last 30 years. I have never done any time series analysis, but I am quite familiar with linear regression analysis. I know that a lot of testes have to be done, before I can even think about a regression analysis. So I wonder if anyone can give me some tips about where to start. I have read some econometrics books, and I have been working with Eviews. I have all the data I need. Here is the file I have made in Eviews.
I was wondering if someone could look at the data, if there is autocorrelation, heteroscedasticity etc. All the data is measured by finding the growth rate for each year. Should I use real data, or use the growth rates? I thought that when the dependent variable (TFP) is measured by calculating the growth rate, so the other variables should be measured in the same way. I could need all help.
Rouzbeh