Human Capital Expansion and Aggregate Productivity Dynamic: Evidence from China

2021 ◽  
Author(s):  
Wen Yue
Keyword(s):  
Human Capital ◽  
Aggregate Productivity

scholarly journals THE CYCLICAL BEHAVIOR OF UNEMPLOYMENT AND VACANCIES WITH LOSS OF SKILLS DURING UNEMPLOYMENT

2016 ◽  
Vol 21 (6) ◽  
pp. 1277-1304 ◽  
Author(s):  
Victor Ortego-Marti
Keyword(s):  
Human Capital ◽  
Aggregate Productivity ◽  
Search And Matching ◽  
Matching Model ◽  
Cyclical Fluctuations ◽  
Search And Matching Model ◽  
Cyclical Behavior

This paper studies the cyclical fluctuations in unemployment and vacancies in a search and matching model in which workers lose skills during periods of unemployment. Firms' profits fluctuate more because aggregate productivity affects the economy's average human capital. Moreover, wages for workers with lower levels of human capital are closer to the value of nonmarket time, leading to more rigid wages. Fluctuations in the vacancy--unemployment ratio are larger than those in the baseline search and matching model and similar to those we observe in the data.

Productivity Levels in British and German Manufacturing Industry

1992 ◽  
Vol 139 ◽  
pp. 46-63 ◽  
Author(s):  
Mary O'Mahony
Keyword(s):  
Human Capital ◽  
Manufacturing Industry ◽  
Considerable Increase ◽  
Electrical Engineering ◽  
Labour Productivity ◽  
Aggregate Productivity ◽  
Time Pattern ◽  
Relative Productivity ◽  
Productivity Ratio ◽  
Productivity Gap

Relative levels of labour productivity are estimated to have been about 22 per cent higher in German than in British manufacturing in 1987. The German productivity advantage was most pronounced in non-electrical engineering, vehicles and metals. The British performance was relatively better in food, drink and tobacco and textiles and productivity levels appear to be about equal in the two countries in chemicals and electrical engineering. About 80 per cent of the productivity gap in aggregate manufacturing can be accounted for by differences in the levels of both physical and human capital. The aggregate productivity ratio of 22 per cent is lower than that found for 1968. The time pattern of relative productivity in the intervening two decades shows a considerable increase in the 1970s followed by a rapid narrowing of the productivity gap in the 1980s.

scholarly journals Understanding Productivity: Lessons from Longitudinal Microdata

2000 ◽  
Vol 38 (3) ◽  
pp. 569-594 ◽  
Author(s):  
Eric J Bartelsman ◽  
Mark Doms
Keyword(s):  
Human Capital ◽  
Productivity Growth ◽  
Technology Use ◽  
Aggregate Productivity ◽  
Entry And Exit ◽  
Resource Reallocation ◽  
Managerial Ability ◽  
Productivity Differentials

This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the persistence of productivity differentials, the consequences of entry and exit, and the contribution of resource reallocation across firms to aggregate productivity growth. The research also reveals important factors correlated with productivity growth, such as managerial ability, technology use, human capital, and regulation. The more advanced literature in the field has begun to address the more difficult questions of the causality between these factors and productivity growth.

scholarly journals Is Educated Labor Really Productive?

2021 ◽  
Vol 10 (1) ◽  
pp. 43-53
Author(s):  
Rr Retno Sugiharti ◽  
Fitrah Sari Islami ◽  
Octavia Laksmi Pramudiastuti
Keyword(s):  
Human Capital ◽  
Macro Level ◽  
Panel Regression ◽  
Aggregate Productivity ◽  
Level Of Education ◽  
Long Run ◽  
Increase Productivity ◽  
Micro Level ◽  
Using Data

Improving the quality of human resources through education is believed to increase laborproductivity. The higher the investment in education, the greater the potential for someone to gainknowledge, expand access to jobs, and increase productivity. However, the increases in the numberof educated workforces, truly unbalanced with the increase with aggregate productivity. Thepurpose of this study is to analyze at which one of the levels of education has the greatestcontribution to increasing productivity. In order to bring the research in macro level, we usedMincer equation calibrated by Bils and Klenow (2000) to develop a human capital model. Thiskind of research formed in micro level and very rarely research is done at the macro level.Therefore, by using calibration from Bils and Klenow (1992), this study tries to bring the mincermodel to the macro level. This model estimates by panel regression method and cointegrationmethod (for identification long run existence) and using data from the period of 2010-2018. Theresults of the study show a positive integration between the level of education towards workproductivity. The fact that vocational education is aimed at preparing workforce has no significanteffect on aggregate productivity. The result driven us to conclusion that education has not beenconsidered a human capital factor but signaling factor; schooling level of labor was not a drivenfactor to labor productivity, but the years of experience did and labor is tended to taking educationjust for formal reason not for academic reason.

Tertiarization and Human Capital: Do They Matter for Growth? Insights From Portugal

2014 ◽  
Vol 61 (1) ◽  
pp. 30-53
Author(s):  
Maria Adelaide Pedrosa Silva Duarte ◽  
Marta Cristina Nunes Simões
Keyword(s):  
Human Capital ◽  
The Other ◽  
Aggregate Productivity ◽  
Services Sector ◽  
Sectoral Productivity ◽  
Portuguese Economy ◽  
The Portuguese Economy ◽  
Productivity Dynamics

Abstract We investigate the existence of causality among sectoral productivity, services sector expansion, human capital, and aggregate productivity over the period 1970-2006 in the Portuguese economy taking into account the contribution of services sub-sectors with different potential for productivity improvements, market and non-market services. The main aim is to examine whether the increasing tertiarization of the Portuguese economy constituted an obstacle or an opportunity for its aggregate productivity performance and if the expansion of the services sector is related to human capital availability, based on the former disaggregation of the services sector. The evidence suggests bidirectional causality between sectoral and aggregate productivity, with sectoral employment shares and human capital not revealing themselves as relevant for the explanation of the other variables nor being influenced by them. Across services categories, non-market services seem to be the most influential one, making a positive and lasting contribution to aggregate productivity, while market services seem to have had no influence on aggregate productivity dynamics

Human Capital

2007 ◽  
Author(s):  
R. Rajaram
Keyword(s):  
Human Capital

Human Capital

1979 ◽  
Author(s):  
Roger P. Bartlett
Keyword(s):  
Human Capital

Human Capital and Global Business Strategy

2013 ◽  
Author(s):  
Howard Thomas ◽  
Richard R. Smith ◽  
Fermin Diez
Keyword(s):  
Human Capital ◽  
Business Strategy ◽  
Global Business
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