Models of Productivity in European Union, the USA and Japan

  1. RODRÍGUEZ GONZÁLEZ, Xosé Antón 1
  2. EXPÓSITO DÍAZ, Pilar 1
  1. 1 University of Santiago de Compostela (Spain)
Journal:
Applied econometrics and international development

ISSN: 1578-4487

Year of publication: 2004

Volume: 4

Issue: 4

Pages: 27-42

Type: Article

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Abstract

In this paper, three types of model are used for measuring productivity at the country level: a non-parametric model based on economic growth, an econometric model based on a Cobb-Douglas type production function, and a third procedure combining both parametric and non-parametric techniques. These models are applied to the private sectors of European Union Countries (15), the United States, and Japan in the period 1983-2000. The findings indicate that the three models do not provide substantially different results. The countries analysed show remarkably different productivity growth patterns, and , moreover, he optimal growth pattern is the one in which growth is accompanied by increases in employment. Those countries that present both productivity growth and increased employment , have generally made an important investment effort both in education and research over the final decades of 20th century.

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