Four worlds of productivity growth: A comparative analysis of human capital investment policy and productivity growth outcomes
Four worlds of productivity growth: A comparative analysis of human capital investment policy and productivity growth outcomes
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DOI：
10.1177/0192512116685413
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发表时间：
2016-08
影响因子：
2.2
通讯作者：
T. Sakamoto
中科院分区：
文献类型：
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作者：
T. Sakamoto
劳动生产率是国民经济财富和生活水平的重要决定因素，因为劳动生产率的增长解释了人均GDP增长的一半。我指出，通过将劳动生产率增长分解为多要素生产率(MFP)增长和资本深化，工业化国家的生产率增长有四个世界。分析得出的四个世界是：(1)人力资本投资和MFP增长占主导地位的北欧国家；(2)实物资本投资和劳动生产率增长占主导地位的自由国家；(3)人力资本投资适度较高、MFP增长相对较高、但实物资本投资较低、劳动生产率下降的欧洲大陆国家；以及(4)人力资本投资和生产率增长最低的南欧国家。这四个世界在一定程度上是两国党派政治、经济增长战略和人力资本形成政策的结果-不同的政策对劳动生产率的组成部分增加了不同的影响。
Labor productivity is an important determinant of the wealth of national economies and standards of living, as its growth explains half of per capita GDP growth. I show that there are four worlds of productivity growth among industrialized countries, by decomposing labor productivity growth into multifactor productivity (MFP) growth and capital deepening. The four worlds that emerge from the analysis are: (1) human capital investment- and MFP growth-dominant Nordic countries; (2) physical capital investment- and labor productivity growth-dominant liberal countries; (3) continental European countries whose moderately high human capital investments create decently high MFP growth, but whose low physical capital investments push down their labor productivity; and (4) South European countries with both the lowest human capital investment and lowest productivity growth. The four worlds are a result partly of the countries’ partisan politics, economic growth strategies, and human capital formation policies – different policies add differently to the components of labor productivity.