Heterogeneity, Trust, Human Capital and Productivity Growth: Decomposition Analysis
AbstractThis paper uses panel data from Japan to decompose productivity growth measured by the growth of output per labour unit into three components of efficiency improvement, capital accumulation and technological progress. It then examines their determinants through a dynamic panel model. This paper focuses on how inequality, trust and humans affect the above components. The main findings derived from empirical estimations are: (1) Inequality impedes not only improvements in efficiency but also capital accumulation. (2) A degree of trust promotes efficiency improvements and capital accumulation at the same time. However, human capital merely enhances improvements in efficiency.
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Bibliographic InfoArticle provided by Economics and Econometrics Research Institute (EERI), Brussels in its journal Journal of Economics and Econometrics.
Volume (Year): 55 (2012)
Issue (Month): 2 ()
Heterogeneity; inequality; trust; data envelopment analysis.;
Other versions of this item:
- yamamura, eiji, 2007. "Heterogeneity, trust, human capital and productivity growth: Decomposition analysis," MPRA Paper 10248, University Library of Munich, Germany.
- Yamamura, Eiji & Shin, Inyong, 2010. "Heterogeneity, trust, human capital and productivity growth: Decomposition analysis," MPRA Paper 20083, University Library of Munich, Germany.
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
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