Medium-term and long-term factors determining the productivity of all factors of production: A review

Based on studies conducted at the international, regional and national levels, this study identifies the factors affecting the productivity growth of all factors of production. Since the growth of productivity of all factors of production provides arrangements that ultimately increase the well-being of individuals in a society, such a study can be of great importance in advancing the convergence literature. To achieve this goal, a review of studies conducted in recent decades, it is necessary to distinguish between two categories of medium-term and long-term factors. Long-term variables are commonly known as the fundamental factors of growth in the economic literature and include such things as institutions, geography and trade. Mark similar items. Although this study is more of an overview of the medium-term factors affecting the productivity growth of total factors of production, but due to the complexity between these two categories of factors, the study of both is somewhat inevitable.