The Role Of Human Capital And Total Factor Productivity In Promoting Economic Growth:, A Comparative International Study

2019 ◽  
pp. 41
Author(s):  
Imadeddin Ahmed Almosabbeh
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Total Factor Productivity ◽  
International Study ◽  
Factor Productivity

A Time Series Analysis of International ICT Spillover

2011 ◽  
pp. 373-386
Author(s):  
Juan Juan Zhang ◽  
Sang-Yong Tom Lee
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Analysis ◽  
Total Factor Productivity ◽  
Communication Technology ◽  
Factor Productivity ◽  
Series Analysis ◽  
Information And Communication ◽  
The Relationship

This article studies the role of international spillover of information and communication technology (ICT) in economic growth. We examine the performance of ten countries from 1982 to 1999. By empirically analyzing the relationship between total factor productivity (TFP) and domestic and foreign ICT investment with time series analysis tools, we find limited evidence that there exist international ICT spillovers for a group of countries. Further, we discuss the possible ICT policies to improve productivity and balance out a win-win situation for both ICT spillover sending and receiving countries.

Are human capital, intellectual property rights, and research and development expenditures really important for total factor productivity? An empirical analysis

2019 ◽  
Vol 46 (6) ◽  
pp. 756-774 ◽  
Author(s):  
Misbah Habib ◽  
Jawad Abbas ◽  
Rahat Noman
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Intellectual Property ◽  
Property Rights ◽  
Research And Development ◽  
Total Factor Productivity ◽  
Intellectual Property Rights ◽  
Factor Productivity ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to investigate the impact of human capital (HC), intellectual property rights (IPRs) and research and development (R&D) expenditures on total factor productivity (TFP), which leads to economic growth. Design/methodology/approach The panel data technique is used on a sample of 16 countries categorized into two groups, namely Brazil, Russia, India and China (BRIC) and Central and Eastern European (CEE) countries and, in order to make a comparison for the time period of 2007–2015, the researchers used a fixed effect model as an estimation method for regression. Findings The results indicate that HC, IPRs and R&D expenditures appear to be statistically significant and are strong factors in determining changes in TFP and exhibit positive results in all sample sets. Moreover, IPRs alone do not accelerate growth in an economy, especially taking the case of emerging nations. Originality/value Considering the importance of CEE and BRIC countries, and inadequate research on these regions with respect to current study’s variables and techniques, the present research provides valuable insights about the importance of HC, IPR and R&D activities and their impact on TFP, which leads to economic growth. IPRs create a fertile environment for R&D activities, knowledge creation and economic development. Distinct nations can attain better economic status via HC, R&D activities, innovation, trade and FDI, although the relative significance of these channels is likely to differ across countries depending on their developmental levels.

scholarly journals Human Capital, Higher Education Enrolment and Economic Growth in the SSA Countries (Panel Model Approach)

2018 ◽  
Vol 9 (6) ◽  
pp. 215
Author(s):  
Akinola G. W. ◽  
Bokana K. G.
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Human Capital ◽  
Total Factor Productivity ◽  
Least Square ◽  
Factor Productivity ◽  
African Countries ◽  
Weak Relationship ◽  
Specific Effects ◽  
Ssa Countries

This study offers exploratory analysis on the relationship among human capital, higher education enrolment and economic growth in SSA countries. With data from twenty-two African countries across the four economic blocs, five variables which include human capital formation, capital stock, employment rate, total factor productivity and higher education enrolment were regressed against gross domestic product per capital. Panel analysis which includes fixed and random effects analyses were carried out. We report results from fixed effect (within) regression as Hausman test suggests. It was discovered that SADC countries perform better among the four economic blocs. To further study individual country specific effects, we employ least square dummy variables (LSDV). Sixteen countries out of twenty-two exhibit specific effects. Our findings revealed that enrolment rate of higher education in SSA have a very weak relationship with economic growth in the SSA countries. This reflects why there is a weak relationship between economic growth and the total factor productivity and consequently negative consequential effects on our total factor productivity. The main policy implication is that for SSA countries to maintain sustainable economic growth, home based human capital must be given a priority in the form of increased higher education budget and financing. 

A Time Series Analysis of International ICT Spillover

2008 ◽  
pp. 3285-3298
Author(s):  
Juan Juan Zhang ◽  
Sang-Yong Tom Lee
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Analysis ◽  
Total Factor Productivity ◽  
Communication Technology ◽  
Factor Productivity ◽  
Series Analysis ◽  
Information And Communication ◽  
The Relationship

This article studies the role of international spillover of information and communication technology (ICT) in economic growth. We examine the performance of ten countries from 1982 to 1999. By empirically analyzing the relationship between total factor productivity (TFP) and domestic and foreign ICT investment with time series analysis tools, we find limited evidence that there exist international ICT spillovers for a group of countries. Further, we discuss the possible ICT policies to improve productivity and balance out a win-win situation for both ICT spillover sending and receiving countries.

Technological Innovation, Intangible Capital, and Asset Prices

2019 ◽  
Vol 11 (1) ◽  
pp. 221-242 ◽  
Author(s):  
Leonid Kogan ◽  
Dimitris Papanikolaou
Keyword(s):  
Human Capital ◽  
Asset Pricing ◽  
Total Factor Productivity ◽  
Technological Innovation ◽  
Intangible Capital ◽  
Factor Productivity ◽  
Productivity Shocks ◽  
Total Factor Productivity Shocks ◽  
Financial Securities

We review research on the asset pricing implications of models with innovation and intangible capital. In these models, technological innovation shocks propagate differently than standard total factor productivity shocks—and therefore have qualitatively distinct asset pricing implications. We discuss recent approaches to measuring intangible capital and innovation, many of which rely on the prices of financial securities. Last, we review models that explore the economic differences between intangible and innovation relative to other forms of investments—focusing on the role of human capital and cash-flow appropriability.

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