Capital Stocks, Capital Services and Multi-Factor Productivity Measures
نویسندگان
چکیده
منابع مشابه
Human capital and productivity
......................................................................................................................... 3 Executive summary ....................................................................................................... 4 Formal learning and non-certified learning ................................................................................. 4 Foundation skills .......
متن کاملHuman Capital and Productivity
This paper surveys the empirical literature on human capital and productivity and summarizes the results of my own work on the subject. On balance, the available evidence suggests that investment in education has a positive, significant and sizable effect on productivity growth. According to my estimates, moreover, the social returns to investment in human capital are higher than those on physi...
متن کاملCapital, Labor, and Productivity
IN A PREVIOUS PAPER I explored two suggestions about how to understand time-series and cross-country variations in measured total factor productivity growth: increases in the labor force might slow technological change and increases in capital might speed it up. 1 Neither suggestion was new. The conjecture about the effect of labor dates back, at least, to attempts to explain the divergence in ...
متن کاملIn-use product stocks link manufactured capital to natural capital.
In-use stock of a product is the amount of the product in active use. In-use product stocks provide various functions or services on which we rely in our daily work and lives, and the concept of in-use product stock for industrial ecologists is similar to the concept of net manufactured capital stock for economists. This study estimates historical physical in-use stocks of 91 products and 9 pro...
متن کاملIntangible Capital and Measured Productivity
Because firms invest heavily in R&D, software, brands, and other intangible assets—at a rate close to that of tangible assets—changes in measured GDP, which does not include all intangible investments, understate the actual changes in total output. If changes in the labor input are more precisely measured, then it is possible to observe little change in measured total factor productivity (TFP) ...
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ژورنال
عنوان ژورنال: OECD Economic Studies
سال: 2004
ISSN: 1609-7491
DOI: 10.1787/eco_studies-v2003-art11-en