2 edition of Productivity, human capital intensity and stages of economic development. found in the catalog.
Productivity, human capital intensity and stages of economic development.
|Series||National economic planning research papers,, no. 77|
|LC Classifications||HC79.L3 D48|
|The Physical Object|
|Number of Pages||18|
|LC Control Number||74169499|
The literature focused mainly on factors such as labor productivity, human capital, capital intensity, capacity utilization and firm size to assess the performance of manufacturing factories. Bernolak, () stated that labour productivity is an appropriate measure of firm’s productivity if the. Finally, while the union/nonunion productivity differential is likely to be positive, it is on average not large enough to offset the greater compensation and capital intensity under unionism. Hence,higher productivity and lower profitability appear to go hand in hand under collective bargaining.
For this purpose I will summarize data on productivity that are presented in more detail in my book with Frank Gollop and Barbara Fraumeni, Productivity and U.S. Economic Growth, published by the Harvard University Press in A very important feature of these data is that we can identify specific channels for the impact of investments in. (T.F.P.) and relative labour productivity. Capital intensity is measured as the real value of gross ﬁxed capital per worker. Development theories, such as the “staples thesis”, tell us that resource extraction and process-ing activities may have an impact on aggregate economic .
Human Capital in History brings together contributions from leading researchers in economic history, labor economics, the economics of education, and related fields. Building on Claudia Goldin’s landmark research on the labor history of the United States, the authors consider the roles of education and technology in contributing to American. PRODUCTIVITY RESEARCH has traditionally focused on labor productivity and treated capital intensity as one of the factors causing different levels of labor productivity. Much less attention has.
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This chapter provides both theoretical and empirical reviews on productivity and economic development. Its starting point is the surveys on literature that stress the importance of productivity enhancement to fill the so-called twin gaps of development. The first part of the chapter reviews the concept papers of productivity, such as labor productivity and total factor productivity, and the Author: Hak K.
Pyo. Abstract. This chapter analyzes the economic performance of seven emerging (E7) economies—China, India, Indonesia, Brazil, Mexico, Turkey, and South Korea, in comparison with the G7 economies, examining their sources of growth and catch-up performance during –17 and projecting their growth in the succeeding decade, – The Process of Economic Development ‘The Process of Economic Development has been an excellent text and resource for development studies and economic development students for many years.
The new fourth edition of this book continues to provide these important educational services in a relevant and scholarly manner, while. This article investigated the impact of human capital and technology on economic growth in Nigeria.
We employed annual time series data for the period of 35 years () and applied autoregressive distributed lag approach to cointegration to examine the relationship between human capital, technology, and economic growth. Economic development: Classical: key to transition from conventional increase in capital intensity.
Unpacking Solow – Dennison: Total level of human capital and fraction of that capital devoted to research is now human capital intensity and stages of economic development.
book in human history. The productivity of industrial products, exponentially increase the services and human resource consumption which may lead to better economic development of a state. Regards, Jahangir. Description I offered courses in Economic Planning and Forecasting, International Economics to BA Final year Produced papers Diplomacy of Economic Aid and Productivity,Human capital Intensity.
1. Introduction. Economic development is a joint process of economic growth and economic restructuring. It is well known that economic development tends to involve a shift of resources away from agriculture and towards services. 3 In addition, Imbs and Wacziarg (, henceforth IW) show that there exist “stages of diversification”: along the development path.
Karl Marx presented his theory of development in his now famous book Das Kapital (). There are many similarities between his theory and Ricardo’s theory of development but he drew quite different implications.
Basic similarity between Marx and Classicals (including Ricardo) is that capital accumulation is prime mover of economic growth. Development economics must have a scope wider than traditional economics because (a) values and attitudes play little role in the pace of development.
(b) people in developing societies do less utility-maximizing. (c) transformation of social institutions is necessary for development. (d) all of the above. Lucas () recognizes that human capital is a very broad concept and therefore difficult to measure.
In brief economic growth is engineered mainly by three immediate drivers viz labour, capital (in the broad sense) and Multifactor Productivity or Total Factor Productivity (MFP / TFP, detailslater). and development (R&D) from the public and private sectors and an advanced level of human capacity and capital intensity (Furman and Hayes ; Griffith, Redding, and Reenen ).
Many studies show that creating new technologies is positively associated with TFP, using investment in. Economic Structural Transformation, Productivity, Labor Mobility, Capital Intensity, Economic Complexity To cite this article Dimitri Sanga, Mamoudou Sebego, Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis, Journal of Business and Economic Development.
of capital’s productivity. The resultant effect of both these is reduction in costs. The theories of growth, propounded by Clark and Lewis, also come into operation at this mature stage in so far as tertiary sector emerges in the center stage of development at the cost of primary and secondary sectors.
() performs a development accounting exercise that separates the contri-butions of physical capital intensity, human capital and TFP in accounting for GDP per worker diﬀerences across countries.
Note that there are modest diﬀerences in employment to population ratios across countries and these dif. The paper recommends improvement in government expenditure on human capital development (education and health), so as to boost economic growth and development.
Dauda () carried out an empirical investigation on the relationship between investment in education and economic growth in Nigeria, using annual time series data from to This study aims at investigating the long-run and short-run relationships between labor productivity in Jordan and each of capital intensity, wages, trade openness and regulatory quality over the period All the study variables are found to be stationary at the first difference.
Johansen cointegration test revealed that there is a unique cointegrating equation. Marxian Model of Economic Growth: The traces of Karl Marxian model of economic growth are available in his famous book "Das-Capital".He rejects the salient features of classical model of economic ards, he presents his own theory which has a social and historical framework where the economic forces play an important role.
This stage of development is characterized by self-reinforcing interaction between technological progress and the human capital intensity in the labour force. As established in Lemma, the level of technology has a positive effect on the proportion of skilled labour in the entire labour force, while the skill-intensity of the labour force.
A focus on education may enhance labor productivity, provided that the education offered actually enables better skill development, which is not always the case. Improving access to business finance and liberalizing markets could increase the productivity of capital, allowing businesses, large and small, to earn higher returns on their investment.
Productivity is the key source of economic growth and competitiveness. A country’s ability to improve its standard of living depends almost entirely on its ability to .However, they report also a minimum threshold level of human capital for the productivity enhancing impact of FDI, emphasizing the role of absorptive capacity.
Absorptive capacity or minimum threshold levels in a country’s ability to profit from inward FDI is often mentioned in the literature (see also Blomström et al.
).Whereas high capital input growth resulted in low capital productivity with insignificant technological progress experiences in the economies of these countries, labor, ICT, and human capital per unit of capital played a significant role in achieving light productivity contribution to the growth of these economies through the use of huge inputs.