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Age-structured Human Capital and Spatial Total Factor Productivity Dynamics

  • Mishra, Tapas

    (World Population Program, International Institute for Applied Systems Analysis, Laxenburg, Austria)

  • Jumah, Adusei

    (Department of Economics and Finance, Institute for Advanced Studies, Vienna, Austria, and Department of Economics, University of Vienna, Vienna, Austria)

  • Parhi, Mamata

    (BETA, Louis-Pasteur University, Strasbourg, France)

This paper models total factor productivity (TFP) in space and proposes an empirical model for TFP interdependence across spatial locations. The interdependence is assumed to occur due to age-structured human capital dynamics. A semi-parametric spatial vector autoregressive framework is suggested for modeling spatial TFP dynamics where the role of demographic state and technological change are explicitly incorporated in the model to influence their spatial TFP co-movements. Empirical scrutiny in case of Asian countries suggests that cross-country human capital differences in their accumulation and appropriation pattern significantly influenced TFP volatility interdependence. The finding of complementarity in TFP in spatial locations calls for joint policy program for improving aggregate and individual country welfare.

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Paper provided by Institute for Advanced Studies in its series Economics Series with number 226.

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Length: 23 pages
Date of creation: Oct 2008
Date of revision:
Handle: RePEc:ihs:ihsesp:226
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