EFFECTS OF PRODUCTIVE CAPACITIES ON ECONOMIC GROWTH: EVIDENCE FROM MM-QR

Authors : Cuma Demirtaş, Esra Soyu Yıldırım

Pages : 78-95

Doi:10.17130/ijmeb.1526211

View : 57 | Download : 43

Publication Date : 2025-03-26

Article Type : Research Paper

Abstract :This study examines the long-term impact of physical capital, labor, and productive capacity on economic growth in the BRICS countries from 2000 to 2022. The cointegration relationship was established for this purpose, and the long-term coefficients were derived using the Moment Quantile Regression Method (MM-QR). The results indicate that economic growth is statistically significant and positively influenced by physical capital and labor in all quantiles. Nevertheless, it was noted that the quantile level increased, resulting in a decrease in the positive effect. The Productive Capacity Index, which is the focal point of the investigation, has a generally beneficial impact on economic growth; however, it was not determined to be statistically significant in the lower quantile groups (0.1, 0.2, and 0.3). With the exception of the 0.8 quantile, the PCI\\\'s positive impact gains strength as the quantile level increases in the upper quantile groups. This research makes a substantial contribution to the existing body of literature by offering a novel viewpoint on the dynamics of economic growth in the BRICS countries. Examining the implications of productive capacity at the quantile level can be particularly beneficial for policymakers. The findings are valuable due to the fact that the study is one of the first in this discipline.
Keywords : üretken kapasite, büyüme, BRICS, MM-QR

ORIGINAL ARTICLE URL