Age-structured human capital and spatial total factor productivity dynamics

Mishra T, Jumah A, & Parhi M (2008). Age-structured human capital and spatial total factor productivity dynamics. Economics Series, 226/2008, Institute for Advanced Studies, Vienna, Austria (October 2008)

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Abstract

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.

Item Type: Other
Uncontrolled Keywords: Total factor productivity, spatial growth, non-linearity, human capital, age-structure, semiparametric VAR
Research Programs: World Population (POP)
Postdoctoral Scholars (PDS)
Bibliographic Reference: Economics Series, 226/2008, Institute for Advanced Studies, Vienna, Austria (October 2008)
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Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:41
Last Modified: 17 Feb 2016 12:30
URI: http://pure.iiasa.ac.at/8709

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