English, Article, Journal or magazine article edition: Quality of Human and Physical Capital and Technological Gaps across Italian Regions Scoppa, Vincenzo

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Bookmark: http://trove.nla.gov.au/version/122655
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Quality of Human and Physical Capital and Technological Gaps across Italian Regions
Author
  • Scoppa, Vincenzo
Physical Description
  • preprint
Notes
  • This paper evaluates the relative contribution of factor accumulation and technology in explaining output per worker differences across Italian regions in the period 2000-2004. The contributions of physical and human capital are separately estimated through the variance decomposition of output per worker. Whereas from a basic analysis of development accounting with crude data TFP emerges as a fundamental determinant of output per worker, when more accurate data are used in the estimations of human and physical capital, results change radically, showing a higher importance of factor accumulation with respect to previous standard estimations. Several measures of quality of human and physical capital are introduced: a) individuals’ cognitive skills as measured in international test scores; b) region specific rates of return on human capital; c) public investments and public-subsidized investments are weighted differently from private investment in the determination of physical capital stock. We show that better measurement of factor inputs allows a reduction in the solowian “measure of our ignorance”.
  • Growth; Technological Gaps; Human Capital; Physical Capital; Development Accounting; Quality of inputs
  • RePEc:pra:mprapa:15740
Language
  • English
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