6533b858fe1ef96bd12b6270
RESEARCH PRODUCT
Total factor productivity measurement and human capital in OECD countries
José Manuel PastorLorenzo SerranoJoaquín MaudosJoaquín Maudossubject
Economics and EconometricsLabour economicsEconometricsEconomicsOecd countriesTotal factor productivityProductivityHuman capitalFinanceTechnical changedescription
Abstract This paper analyses the Total Factor Productivity (TFP) evolution in OECD countries by breaking down productivity gains into technical change and efficiency change. To avoid biases, Malmquist indices of productivity, including human capital, are estimated. The results indicate that, in fact, the inclusion of human capital has a significant effect on the accurate measurement of TFP.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 1999-04-01 | Economics Letters |