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https://hdl.handle.net/20.500.14279/9753
Τίτλος: | Human capital contributions to explain productivity differences | Συγγραφείς: | Chatzimichael, Konstantinos Tzouvelekas, Vangelis M. |
Major Field of Science: | Social Sciences | Field Category: | Economics and Business | Λέξεις-κλειδιά: | Human capital;Labor efficiency;Labor productivity;Multilateral modes of production | Ημερομηνία Έκδοσης: | Ιου-2014 | Πηγή: | Journal of Productivity Analysis, 2014, vol. 41, no. 3, pp. 399-417 | Volume: | 41 | Issue: | 3 | Start page: | 399 | End page: | 417 | Περιοδικό: | Journal of Productivity Analysis | Περίληψη: | 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 |
Εμφανίζεται στις συλλογές: | Άρθρα/Articles |
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