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 labor unit into three components of efficiency improvement, capital accumulation and technological progress. It then examines their determinants through a dynamic panel model. In particular, this paper focuses on the question of 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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20083.
Date of creation: 15 Jan 2010
Date of revision:
Heterogeneity; Inequality; Trust; Data envelopment analysis;
Other versions of this item:
- Eiji Yamamura & Inyong Shin, 2012. "Heterogeneity, Trust, Human Capital and Productivity Growth: Decomposition Analysis," Journal of Economics and Econometrics, Economics and Econometrics Research Institute (EERI), Brussels, vol. 55(2), pages 51-77.
- yamamura, eiji, 2007. "Heterogeneity, trust, human capital and productivity growth: Decomposition analysis," MPRA Paper 10248, University Library of Munich, Germany.
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-23 (All new papers)
- NEP-EFF-2010-01-23 (Efficiency & Productivity)
- NEP-FDG-2010-01-23 (Financial Development & Growth)
- NEP-HRM-2010-01-23 (Human Capital & Human Resource Management)
- NEP-LAB-2010-01-23 (Labour Economics)
- NEP-MAC-2010-01-23 (Macroeconomics)
- NEP-SOC-2010-01-23 (Social Norms & Social Capital)
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