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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)
Full text not available from this repository.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) |
| Related URLs: | |
| Depositing User: | IIASA Import |
| Date Deposited: | 15 Jan 2016 08:41 |
| Last Modified: | 27 Aug 2021 17:38 |
| URI: | https://pure.iiasa.ac.at/8709 |
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