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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
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