Sources of Economic Growth

Arzu Alvan

ISBN 10: 3838361792 / ISBN 13: 9783838361796

Published by LAP LAMBERT Academic Publishing Apr 2010, 2010

About this Item

This item is printed on demand - it takes 3-4 days longer - Neuware -The Two-Deflator Growth Accounting Approach (TDA)is a new methodology that is based on the theory of capital, not on the theory of production as in the traditional growth accounting approaches. It is superior to the traditional approach in many ways. The measurement of growth at the disaggregated level can resolve many macroeconomic issues which are not possible in an aggregated framework. There are three main outcomes of this study; first, human capital quality upgrade contribution to labor growth is separated successfully by the TDA and it is negatively correlated to TFP growth; second, value added growth is mainly explained by the growth of capital stock and TFP growth; and third, TFP growth is not homogeneous and may occur in any industry/firm at any time. The contribution of raw labor in value added growth in public manufacturing industries is more significant than the maintenance and quality upgrade components of human capital. It is observed that the productivity growth of public labor is lower than in the private sector. 280 pp. Englisch.

Seller Inventory # 9783838361796

Bibliographic Details

• Title: Sources of Economic Growth
• Publisher: LAP LAMBERT Academic Publishing Apr 2010
• Publication Date: 2010
• Language: English
• ISBN 10: 3838361792
• ISBN 13: 9783838361796
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 17D millimeters 220 millimeters width by 150 millimeters height by 17 millimeters depth
• Weight: 435 grams

About this title

Synopsis

The Two-Deflator Growth Accounting Approach (TDA)is a new methodology that is based on the theory of capital, not on the theory of production as in the traditional growth accounting approaches. It is superior to the traditional approach in many ways. The measurement of growth at the disaggregated level can resolve many macroeconomic issues which are not possible in an aggregated framework. There are three main outcomes of this study; first, human capital quality upgrade contribution to labor growth is separated successfully by the TDA and it is negatively correlated to TFP growth; second, value added growth is mainly explained by the growth of capital stock and TFP growth; and third, TFP growth is not homogeneous and may occur in any industry/firm at any time. The contribution of raw labor in value added growth in public manufacturing industries is more significant than the maintenance and quality upgrade components of human capital. It is observed that the productivity growth of public labor is lower than in the private sector.

About the Author

Arzu Alvan won her Ph.D. degree from Economics. She specialized at economic growth, productivity and macroeconomics. She is currently lecturer at the Department of Economics at Gediz University at ?zmir-Türkiye.