Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72673
Authors: 
Mishra, Tapas
Jumah, Adusei
Parhi, Mamata
Year of Publication: 
2008
Series/Report no.: 
Reihe Ökonomie / Economics Series, Institut für Höhere Studien (IHS) 226
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.
Subjects: 
total factor productivity
spatial growth
non-linearity
human capital
age-structure
semiparametric VAR
JEL: 
C14
C31
E61
N10
O30
O47
Document Type: 
Working Paper

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