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Models of Productivity in European Union, the USA and Japan

  • Rodriguez, X.A.
  • Exposito, P.

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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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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  1. 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.
  2. 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..
  3. Dowling, M. & Summers, P.M., 1997. "Total Factor Productivity and Economic Growth - Issues for Asia," Department of Economics - Working Papers Series 594, The University of Melbourne.
  4. 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.
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