A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth

Gil-Delgado, María del Pópulo Pablo-Romero; GóMez-Calero, Ma De La Palma

doi:10.1016/j.econmod.2013.01.040

Cited by 29 publications

(9 citation statements)

References 38 publications

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“…Romer (, ) shows that it is human capital which generates innovations and stimulates growth. In this sense, as stated in Pablo‐Romero and Gómez‐Calero (, ) and Pablo‐Romero et al . (), the greatest human capital endowment favors the generation and absorption of technology, making the rate of technological change faster through investment in physical capital.…”

Section: Introductionsupporting

confidence: 57%

“…Finally, the low Algerian elasticity of productivity with respect to physical capital may be related to low levels of human capital due to complementary relationships between human and physical capital. Some authors (Lucas, ; Benahabib and Spiegel, 1991, 1994; Pablo‐Romero and Gómez‐Calero, ) have suggested that a high level of human capital increases the private domestic investment in innovation activities, adopting new technologies which can speed the long‐run growth rate. Thus, the low levels of human capital may be hindering the adoption of new technologies, causing a low capital investments effect.…”

Section: Discussionmentioning

confidence: 99%

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The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea

Bouznit¹,

Ferfera²,

Gil-Delgado³

2015

African Development Review

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The slow growth of Algeria is analyzed in this paper, by comparing the economic growth between Algeria and South Korea, over the period from 1970 to 2010. Both countries were nearly at the same development level at the beginning of the 1960s. Nevertheless, the South Korean economy was ranked 15th in the world in 2010, while Algeria remained underdeveloped. The results obtained show that human capital and physical capital cause the economic growth in the two countries under study. However, the elasticities of productivity with respect to human and physical capital are higher in South Korea. Human capital elasticity in South Korea is two and a half times higher, whereas the physical capital elasticity is twice as high.

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Section: Introductionsupporting

confidence: 57%

Section: Discussionmentioning

confidence: 99%

The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea

Bouznit¹,

Ferfera²,

Gil-Delgado³

2015

African Development Review

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“…It has not been possible to introduce any variable to proxy the influence of biological innovations on European agriculture, especially the selection and hybridisation of seeds and the introduction of new varieties (Olmstead and Rhode 2008;Pujol 2011). Nevertheless, it is reasonable to assume that these changes, together with the use of pesticides and herbicides, raised agricultural productivity; this omission could lead to the overrating of the importance of the variables that we have included in our model.…”

Section: Resultsmentioning

confidence: 99%

On the causes of economic growth in Europe: why did agricultural labour productivity not converge between 1950 and 2005?

Martín-Retortillo

Pinilla

2014

Cliometrica

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The objective of this study is to make a further contribution to the debate on the causes of economic growth in the European continent. It explains why agricultural labour productivity differences did not converge between 1950 and 2005 in Europe. We propose an econometric model, one combining both proximate and fundamental causes of economic growth. The results show that the continuous exit of labour power from the sector, coupled with the increased use of productive factors originating in other sectors of the economy, caused the efficiency of agricultural workers to rise. However, we offer a complete explanation of the role played by institutions and geographical factors. Thus, we detect a direct and inverse relation between membership of the EU and the Communist bloc and the productivity of agricultural labour. In addition, strong support for agriculture affected productivity negatively.

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“…It is an essential factor for economic growth which, in the long run, cannot depend on physical input rather than human capital, including innovation and education (Di Liberto, 2008: Pelinescu, 2015. The existence of human capital complements physical capital to sustain economic growth (Pablo-Romero & Gómez-Calero, 2013). This experience shows that lags in human capital hamper the high economic growth of a country.…”

Section: Introductionmentioning

confidence: 99%

Labor Productivity, Number of Motor Vehicle and Income Convergence

Susanto

2020

JLS

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This research examines the occurrence of income convergence in the Surakarta Ex-Residency. Data included per capita income, labor productivity, and the number of motor vehicles published by the Central Bureau of Statistics (BPS) from 2001-2018. The research model was formed by adding several control variables to form a regression equation where the current year's per capita income was dependent. In contrast, the preceding year's per capita income, labor productivity, and the number of motor vehicles were independent variables. Subsequently, the regression equation was estimated by the Dynamic Ordinary Least Square (DOLS) and Fully Modified Ordinary Least Square (FMOLS) methods. The results showed a convergence of per capita income among regions. The income in more impoverished regions grew faster compared to wealthier ones. For this reason, the gap in income per capita between regions lessened significantly. Increased labor productivity and the number of motor vehicles had a positive effect on per capita income, supporting income convergence. Therefore, the transportation network needs to be improved by the government to support the mobility of workers and goods, leading to income convergence.

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A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth

Cited by 29 publications

References 38 publications

The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea

The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea

On the causes of economic growth in Europe: why did agricultural labour productivity not converge between 1950 and 2005?

Labor Productivity, Number of Motor Vehicle and Income Convergence

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