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Analýza vplyvu ľudského kapitálu na celkovú produktivitu faktorov v regiónoch EÚ s využitím priestorového Durbinovho modelu
[Analysis of the Human Capital Impacts on the Total Factor Productivity in the EU Regions By Means of the SDM Model]

Author

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  • Paula Puškárová

Abstract

This study is devoted to explore the role and impact size of human capital for economic growth. We discern two levels of human capital impacts: First, we point to its contribution to knowledge capital production and second, the multiplicative effects of human capital in the aggregate production function are suggested. We employ lately developed methodology for spatial panel estimations with two-way fi xed effects. Our results show that throughout the EU NUTS-2 regions over the 2000s human capital spillovers, indeed, account for large total factor productivity variation. Moreover, our results suggest that local effects of human capital are secondary to these human capital spillovers in terms of magnitude and, what might be more compelling, that the multiplicative effects of human capital surmount its impacts attributable to knowledge production.

Suggested Citation

  • Paula Puškárová, 2015. "Analýza vplyvu ľudského kapitálu na celkovú produktivitu faktorov v regiónoch EÚ s využitím priestorového Durbinovho modelu [Analysis of the Human Capital Impacts on the Total Factor Productivity i," Politická ekonomie, Prague University of Economics and Business, vol. 2015(5), pages 658-676.
    • Handle: RePEc:prg:jnlpol:v:2015:y:2015:i:5:id:1018:p:657-675
    DOI: 10.18267/j.polek.1018
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    More about this item

    Keywords

    total factor productivity; knowledge; human capital; human capital spillover; spatial panel; SDM;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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