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Models of Productivity in European Union, the USA and Japan

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Author Info
Rodriguez, X.A. ()
Exposito, P. ()

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Abstract

In this paper, three types of model are used for measuring productivity at the country level: a non-parametric model based on economic growth, an econometric model based on a Cobb-Douglas type production function, and a third procedure combining both parametric and non-parametric techniques. These models are applied to the private sectors of European Union Countries (15),the United States, and Japan in the period 1983-2000. The findings indicate that the three models do not provide substantially different results. The countries analysed show remarkably different productivity growth patterns, and, moreover, he optimal growth pattern is the one in which growth is accompanied by increases in employment. Those countries that present both productivity growth and increased employment, have generally made an important investment effort both in education and research over the final decades of 20th century.

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Publisher Info
Article provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.

Volume (Year): 4 (2004)
Issue (Month): 4 ()
Pages:
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Handle: RePEc:eaa:aeinde:v:4:y:2004:i:1_26

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Related research
Keywords: productivity models; European productivity; Japan productivity; USA productivity;

Find related papers by JEL classification:
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data

References listed on IDEAS
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  1. Christensen, Laurits R & Greene, William H, 1976. "Economies of Scale in U.S. Electric Power Generation," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 655-76, August. [Downloadable!] (restricted)
  2. Berndt, Ernst R & Wood, David O, 1975. "Technology, Prices, and the Derived Demand for Energy," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 259-68, August. [Downloadable!] (restricted)
  3. Dowling, Malcolm & Summers, Peter M, 1998. "Total Factor Productivity and Economic Growth--Issues for Asia," The Economic Record, The Economic Society of Australia, vol. 74(225), pages 170-85, June.
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  4. Neira, Isabel & Guisan, M.Carmen, 2002. "Modelos econometricos de capital humano y crecimiento economico: Efecto Inversion y otros efectos indirectos," Economic Development 62, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics.. [Downloadable!]
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