IDEAS home Printed from https://ideas.repec.org/h/pes/ecchap/20.html
   My bibliography  Save this book chapter

Quality of Human Capital and Total Factor Productivity in New EU Member States

In: The 10th International Days of Statistics and Economics. Conference Proceedings. September 8-10, 2016

Author

Listed:
  • Michal Bernard Pietrzak

    (Nicolaus Copernicus University)

  • Adam P. Balcerzak

    (Nicolaus Copernicus University)

Abstract

Closing development gap and avoiding middle income trap are currently considered as the main challenges for the new EU member states. To obtain both those aims the countries must implement policies that support total factor productivity (TFP) growth. The main scientific purpose of the article is to examine the influence of quality of human capital (QHC) on TFP in Central European countries in the years 2000-2010. All the EU countries must be able compete internationally in reality of global knowledge economy. Thus, the QHC was analysed from the perspective of the knowledge-based economy. As the QHC is a multidimensional phenomenon in order to measure it and obtain time series for further econometric research, TOPSIS method was applied. To evaluate TFP the parameters of the Cobb-Douglas production function for the new EU members were estimated. Finally, it was possible to identify the relationship between the QHC and the level of TFP with application of dynamic panel model. The analysis was conducted for the years 2000-2010 based on Eurostat data. It confirmed a significant influence of the QHC on the level of TFP in the new EU members states.

Suggested Citation

  • Michal Bernard Pietrzak & Adam P. Balcerzak, 2016. "Quality of Human Capital and Total Factor Productivity in New EU Member States," Chapters, in: T. Loster & T. Pavelka (ed.),The 10th International Days of Statistics and Economics. Conference Proceedings. September 8-10, 2016, edition 1, volume 1, pages 1492-1501, Institute of Economic Research.
    • Handle: RePEc:pes:ecchap:20
    as

    Download full text from publisher

    File URL: http://www.badania-gospodarcze.pl/images/chapters/20.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    multiple-criteria decision analysis (MCDA); TOPSIS method; panel model; TFP; human capital; new EU members;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pes:ecchap:20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adam P. Balcerzak (email available below). General contact details of provider: https://edirc.repec.org/data/ibgtopl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.