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|Title:||Human capital contributions to explain productivity differences||Authors:||Chatzimichael, Konstantinos
Tzouvelekas, Vangelis M.
Multilateral modes of production
|Issue Date:||1-Jan-2014||Publisher:||Kluwer Academic Publishers||Source:||Journal of Productivity Analysis Volume 41, Issue 3, 2014, Pages 399-417||Abstract:||This paper develops a parametric decomposition framework of labor productivity growth relaxing the assumption of labor-specific efficiency. The decomposition analysis is applied to a sample of 121 developed and developing countries during the 1970-2007 period drawn from the recently updated Penn World Tables and Barro and Lee (A new data set of educational attainment in the world 1950-2010. NBER Working Paper No. 15902, 2010) educational databases. A generalized Cobb-Douglas functional specification is used taking into account differences in technological structures across groups of countries to approximate aggregate production technology using Jorgenson and Nishimizu (Econ J 88:707-726, 1978) bilateral model of production. The measurement of labor efficiency is based on Kopp's (Quart J Econ 96:477-503, 1981) orthogonal non-radial index of factor-specific efficiency modified in a parametric frontier framework. The empirical results indicate that the weighted average annual rate of labor productivity growth was 1.239 % over the period analyzed. Technical change was found to be the driving force of labor productivity, while improvements in human capital and factor intensities account for the 19.5 and 12.4 % of that productivity growth, respectively. Finally, labor efficiency improvements contributed by 9.8 % to measured labor productivity growth.||URI:||http://ktisis.cut.ac.cy/handle/10488/9753||ISSN:||0895562X||Rights:||© 2013 Springer Science+Business Media New York.|
|Appears in Collections:||Άρθρα/Articles|
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