Intangible training capital and productivity in Europe

O’Mahony, Mary and Fei Peng
Authors registered in the RePEc Author Service: Mary O'MAHONY ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper employs industry data, derived from linking the EU LFS to productivity accounts from EU KLEMS, to examine workforce training and productivity in European Union original members states. Training activities are modelled as intangible investments by firms and cumulated to stocks so their impact can be evaluated within a production function framework, including links to the use of information and communications technology (ICT). The results suggest significantly positive effects of training on productivity, both direct and interacted with ICT, with different impacts in services than in production industries. These results are robust to the use of instrumental variables methods, both lagged instruments and a set of variables that capture features of the operation of labour markets.

Keywords: Training; Intangible Capital; EUKLEMS; EU LFS (search for similar items in EconPapers)
JEL-codes: D24 J24 M53 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:38648

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