Total factor productivity measurement and human capital in OECD countries

Authors
Maudos, J Pastor, JM Serrano, L
Citation
J. Maudos et al., Total factor productivity measurement and human capital in OECD countries, ECON LETT, 63(1), 1999, pp. 39-44
Citations number
17
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
63
Issue
1
Year of publication
1999
Pages
39 - 44
Database
ISI
SICI code
0165-1765(199904)63:1<39:TFPMAH>2.0.ZU;2-F
Abstract
This paper analyses the Total Factor Productivity (TFP) evolution in OECD c ountries by breaking down productivity gains into technical change and effi ciency change. To avoid biases, Malmquist indices of productivity, includin g human capital, are estimated. The results indicate that, in fact, the inc lusion of human capital has a significant effect on the accurate measuremen t of TFP. (C) 1999 Elsevier Science S.A. All rights reserved.