EconPapers    
Economics at your fingertips  
 

Factor-Specific Productivity

Brian Piper ()
Additional contact information
Brian Piper: Department of Economics and International Business, Sam Houston State University

No 1401, Working Papers from Sam Houston State University, Department of Economics and International Business

Abstract: Economists examine two types of variables when studying aggregate production and economic growth. Some of these variables are directly productive factors (physical capital, labor and human capital), while other variables aren’t productive themselves, but affect production indirectly. I introduce an approach for studying indirect inputs by allowing them to affect output in three ways: by changing TFP, by changing the productivity of individual productive factors (Factor-Specific Productivity), and by changing the rates at which productive factors are accumulated. My model finds that indirect inputs have strong effects on the productivity of specific productive factors. My model outperforms a model which includes the same indirect inputs only as determinants of TFP. Increases in indirect inputs are found to lead to future growth in the supply of direct inputs. Additionally, my model has more empirically realistic implications for returns to scale and convergence than traditional neo-classical models.

Date: 2014-01
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.shsu.edu/academics/economics-and-intern ... es/wp14-01_paper.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:shs:wpaper:1401

Access Statistics for this paper

More papers in Working Papers from Sam Houston State University, Department of Economics and International Business Contact information at EDIRC.
Bibliographic data for series maintained by Christian Raschke ().

 
Page updated 2024-07-19
Handle: RePEc:shs:wpaper:1401