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- Human Capital In Oecd Countries: Technical Change, Efficency And Productivity

  • Joaquín Maudos Villarroya

    (Instituto Valenciano de Investigaciones Económicas)

  • José Manuel Pastor Monsálvez

    (Universitat de València)

  • Lorenzo Serrano Martínez

    (Universitat de València)

The aim of this paper is to analyse the role of human capital in the productivity gains of the countries of the OECD in the period 1965-90, breaking down the productivity gains into technicalchange and gains in efficiency. For this purpose we use both a stochastic frontier production function and a non-parametric approach and calculate Malmquist indices of productivity. Theresults obtained indicate the existence of both a level effect and a rate effect (a higher level of human capital affects positively the rate of technical progress) associated with human capital. Thedifferences among countries in endowments of human capital have worked against labour productivity convergence, since the richer countries, thanks to their greater endowment of human capital, have experienced higher rates of technical progress. El objetivo de este trabajo es analizar el papel del capital humano en las ganancias de productividad de los países de la OCDE en el periodo 1965-90, descomponiendo las ganancias de productividad en cambio técnico y ganancias de eficiencia. Para ello se estima tanto una función de producción frontera de carácter estocástica como una aproximación no paramétrica y se calculan índices de Malmquist de productividad. Los resultados obtenidos indican la existencia tanto de un efecto nivel como de un efecto tasa (un mayor nivel de capital humano afecta positivamente a la tasa de progreso técnico) asociada al capital humano. Las diferencias de dotaciones de capital humano entre países han actuado en contra de la convergencia en productividad del trabajo ya que los países más ricos, gracias a su mayor dotaciones de capital humano, han experimentado tasas mayores de progreso técnico.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-1998-19.pdf
File Function: Fisrt version / Primera version, 1998
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 1998-19.

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Length: 31 pages
Date of creation: Oct 1998
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:1998-19
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