Intangible training capital and productivity in Europe
AbstractThis paper employs industry data, derived from linking the EU LFS to productivity accounts from EU KLEMS, to examine workforce training and productivity in European Union original members states. Training activities are modelled as intangible investments by firms and cumulated to stocks so their impact can be evaluated within a production function framework, including links to the use of information and communications technology (ICT). The results suggest significantly positive effects of training on productivity, both direct and interacted with ICT, with different impacts in services than in production industries. These results are robust to the use of instrumental variables methods, both lagged instruments and a set of variables that capture features of the operation of labour markets.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 38648.
Date of creation: 2011
Date of revision:
Training; Intangible Capital; EUKLEMS; EU LFS;
Find related papers by JEL classification:
- M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
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