Determinants of long-run labor productivity growth: a selective survey with some new empirical results
AbstractUsing cross-country data, we review the empirical evidence concerning long-term labor and total factor productivity growth. We find that the conclusions one can draw from cross-country data are surprisingly modest. Nevertheless, we confirm the crucial role for physical capital accumulation in enhancing labor productivity growth and develop a role for human capital in an endogenous growth framework. We also find that the performances of so-called "ancillary variables" are rather insignificant in the presence of proxies for physical and human capital stocks.
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Bibliographic InfoPaper provided by Federal Reserve Bank of San Francisco in its series Working Papers in Applied Economic Theory with number 94-17.
Date of creation: 1994
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- N. Apergis & C. Economidou & I. Filippidis, 2008.
"Innovation, Technology Transfer and Labor Productivity Linkages: Evidence from a Panel of Manufacturing Industries,"
08-29, Utrecht School of Economics.
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