 Measuring the Productivity of NationsPirkko Aulin-Ahmavaara Chapter 7 in Prices, Growth and Cycles, 1997, pp 132-148 from Palgrave Macmillan Abstract: Abstract The importance of the reproduction of manpower as a vital part of the overall production system was emphasized by Andrew Bródy already in his book Proportions, Prices and Planning (1970). As an illustration he refers to the circumstances in the developing countries. How time consuming a process it indeed is to build a system of education for training teachers to teach engineers, who can teach technicians to train skilled workers. In a developed system of education these tasks are performed simultaneously, but still all of them have to be performed. All this affects both output proportions and prices and accordingly has to be taken into account in any complete representation of the overall production system. Thinking of the quantities of the funds fixed in reproducing manpower it becomes obvious that these effects can be quite remarkable. According to the estimates cited by Andrew Bródy the resources tied up in reproducing manpower are about 5–10 years’ national income, while the total physical wealth of a society seldom exceeds 3–4 years’ income. Keywords: Human Capital; Total Factor Productivity; Complete Production; Basic Education; Fixed Capital (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25275-6_7 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-25275-6_7 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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