Talent Utilization, a Source of Bias in Measuring TFP

Hosny Zoabi

No ECO2007/27, Economics Working Papers from European University Institute

Abstract: This paper analyzes a model of economic growth that explains differences in economic structure across countries. It highlights the interplay between productivity, talents utilization and entrepreneurship incentives. The paper has two main results. First, it argues that when measuring human capital we ignore one dimension, which is \talents utilization". It is suggested then that, in development accounting, human capital is inaccurately measured. Second, it shows that the magnitude of talents utilization increases with the level of development. Thus, the paper suggests that talents utilization amplifies differences in productivity and contributes to the explanation of large observed international differences in per capita income.

Keywords: Total factor productivity; talent utilization; human capital; factor accumulation (search for similar items in EconPapers)
JEL-codes: L16 O11 O14 O33 O47 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-eff, nep-ent and nep-hrm
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Related works:
Working Paper: Talent Utilization, a Source of Bias in Measuring TFP (2008)
Working Paper: Talent Utilization, a Source of Bias in Measuring TFP (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:eui:euiwps:eco2007/27

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