THE DETERMINANTS OF PRODUCTIVITY IN THE KNOWLEDGE SOCIETY: AN EMPIRICAL STUDY UPON THE SELECTED MEMBER COUNTRIES OF THE ISLAMIC COOPERATION ORGANIZATION

Abstract

The increasing productivity is a significant feature of economic growth. However, dealing with the increase in productivity, and thus the expansion of national output just as a factor of production means to evaluate the subject partially. The determinants of the labor productivity are not only physical factors but they also depend on the various intangible elements, which are invisible. Hence, the contribution of intellectual capital is highly substantial. The aim of the present study is to analyze the factors which affect the labor productivity under the strength of the knowledge-based society. Among these factors, human capital, the capital stock per capita, Research&Development (R&D) and Information and Communication Technologies (ICT) are regarded as the main components of intellectual capital. Thus, in the current study, in which a dynamic panel data analysis was conducted by means of Generalized Method of Moments – GMM, an empirical study regarding the factors which affect the labor productivity was performed in favor of 27 member countries of The Organization of Islamic Cooperation (OIC). It was found that in the countries included in the application, which was conducted between the years of 2000-2009, the intellectual capital, capital stock per capita, research and development as well as information and communication technologies have a positive and significant impact on productivity

Keywords

• Productivity, Intellectual capital, Research&Development, Capital stock, Information and communication technologies

BİLGİ TOPLUMUNDA VERİMLİLİĞİN BELİRLEYİCİLERİ: İSLAMİ İŞBİRLİĞİ TEŞKİLATI ÜYESİ SEÇİLİ ÜLKELER ÜZERİNE AMPİRİK BİR ÇALIŞMA

Abstract

Artan verimlilik, ekonomik büyümenin önemli bir özelliğidir. Ancak, verimlilikteki artışları ve dolayısıyla da milli hasıladaki genişlemeyi sadece üretim faktörü miktarındaki artış olarak ele almak konuyu sadece kısmi olarak değerlendirmek anlamı taşımaktadır. İşgücü verimliliğinin belirleyicileri sadece elle tutulabilir faktörler olmaktan ziyade pek çok gözle görülemeyen, soyut unsurlara da bağlıdır. Bu anlamda entelektüel sermayenin katkısı fazlasıyla önem arz etmektedir. Mevcut çalışmanın amacı, işgücü verimliliğine etki eden faktörleri bilgi toplumu ışığı altında incelemektir. Bu faktörler arasında entelektüel sermayenin başlıca bileşeni olarak beşeri sermaye, kişi başına sermaye stoku, Araştırma-Geliştirme (Research&Development-R&D) ile Bilişim ve İletişim Teknolojileri (Information and Communication Technologies-ICT) yer almaktadır. Genelleştirilmiş Momentler Yöntemi (Generalized Method of Moments-GMM) kullanılarak dinamik bir panel veri analizinin yapıldığı çalışmada İslami İşbirliği Teşkilatı (The Organisation of Islamic Cooperation-OIC) üyesi 27 ülke için emek verimliliğini etkileyen faktörler üzerine ampirik bir çalışma yapılmıştır. 2000-2009 yılları arası için yapılan uygulamada ele alınan ülkelerde entelektüel sermaye, kişi başına sermaye stoku, araştırma-geliştirme ile bilişim ve iletişim teknolojilerinin verimlilik üzerinde pozitif ve anlamlı bir etkiye sahip olduğu sonucuna ulaşılmıştır.

Keywords

• Verimlilik, Entelektüel sermaye, Araştırma-Geliştirme, Sermaye stoku, Bilişim ve İletişim Teknolojileri

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