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Impact of human capital on productivity growth in different labour-skilled branches

Author

Listed:
  • Domicián Máté

    (University of Debrecen, Accounting and Financial Department, Faculty of Economics and Business Administration, Debrecen, Hungary)

Abstract

The primary objective of this study is to analyse the impact of human capital accumulation on productivity growth in a sectoral approach. In our estimations, we followed a specific taxonomy to identify the features of output and employment growth tendencies in four different labour-skilled branches in OECD countries. Besides determining the differences of output and labour structure by standard descriptive statistics, we used a dynamic panel regression method to investigate the connection between physical and human capital, employment, and productivity growth in each sector. All in all, we found an increasing role of human capital (HC) from the period between 1985 and 2007. Analysing the time series panel data of these countries, our results also yield valid relationships between the level of education and productivity growth.

Suggested Citation

  • Domicián Máté, 2015. "Impact of human capital on productivity growth in different labour-skilled branches," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(1), pages 51-67, March.
    • Handle: RePEc:aka:aoecon:v:65:y:2015:i:1:p:51-67
    Note: This research was supported in the framework of the TÁMOP 4.2.4. A/2-11-1-2012-0001 “National Excellence Program – Elaborating and operating an inland student and researcher personal support system” project and co-fi nanced by the European Social Fund.
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    Cited by:

    1. Muhammad Asif Khan & József Popp & Mirza Nouman Ali Talib & Zoltán Lakner & Muhammad Atif Khan & Judit Oláh, 2020. "Asymmetric Impact of Institutional Quality on Tourism Inflows Among Selected Asian Pacific Countries," Sustainability, MDPI, vol. 12(3), pages 1-16, February.

    More about this item

    Keywords

    human capital; labour demand; productivity changes; sectoral approach;
    All these keywords.

    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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