Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/72673 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Reihe Ökonomie / Economics Series No. 226
Verlag: 
Institute for Advanced Studies (IHS), Vienna
Zusammenfassung: 
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.
Schlagwörter: 
total factor productivity
spatial growth
non-linearity
human capital
age-structure
semiparametric VAR
JEL: 
C14
C31
E61
N10
O30
O47
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
243.94 kB





Publikationen in EconStor sind urheberrechtlich geschützt.