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Productivity's development in the Basque Economy during the period 1985-1994

Ainhoa Oguiza Tovar

No 1134-8984, BILTOKI from Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística)

Abstract: [EN] The aim of this paper is to analyse the development of Basque Country's economy's productivity in the period 1985-1994 and, identify which are the factors that decide that evolution. We specify a Cobb-Douglas production function and with the availabe dataset, we use a panel to estimate it considering the fixed-effects model. The results obtained show a labor's productivity increase along the whole period in addition to the downturn in employment. Finally, labor's qualification has a positive effect on basque economy's added value.

Keywords: productivity; growth determinants; panel data; productividad; determinantes del crecimiento; datos de panel (search for similar items in EconPapers)
Date: 1998-09
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Dpto. de Econometría y Estadística, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain

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