Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/9753
Title: | Human capital contributions to explain productivity differences |
Authors: | Chatzimichael, Konstantinos Tzouvelekas, Vangelis M. |
Major Field of Science: | Social Sciences |
Field Category: | Economics and Business |
Keywords: | Human capital;Labor efficiency;Labor productivity;Multilateral modes of production |
Issue Date: | Jun-2014 |
Source: | Journal of Productivity Analysis, 2014, vol. 41, no. 3, pp. 399-417 |
Volume: | 41 |
Issue: | 3 |
Start page: | 399 |
End page: | 417 |
Journal: | Journal of Productivity Analysis |
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: | https://hdl.handle.net/20.500.14279/9753 |
ISSN: | 0895562X |
DOI: | 10.1007/s11123-013-0355-x |
Rights: | © Springer |
Type: | Article |
Affiliation : | Cyprus University of Technology University of Crete |
Publication Type: | Peer Reviewed |
Appears in Collections: | Άρθρα/Articles |
CORE Recommender
Items in KTISIS are protected by copyright, with all rights reserved, unless otherwise indicated.