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Labor Productivity and Human Capital: An Interactive Model

Cilt: 10 Sayı: 3 29 Ekim 2025
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Labor Productivity and Human Capital: An Interactive Model

Öz

The primary objective of the paper is to examine the hypothesis that human capital affects labor productivity directly and indirectly. The paper investigates this relationship using data from 1991 to 2019 for BRICS-T countries, with panel fixed effects and panel random effects models. Moreover, the paper employs the standard error method to examine the marginal effects of trade openness, savings, labor market reforms, and information and communication technology on labor productivity. According to the analysis results, we find strong evidence supporting the hypothesis that human capital influences not only labor productivity directly but also indirectly. The marginal effects of all variables used in the study are also found to be statistically significant.

Anahtar Kelimeler

Labor Productivity, Human Capital, Interactive Model, Labor Market Reforms, Information and Communication Technology

Kaynakça

  1. Abel, J. R., & Gabe, T. M. (2011). Human Capital and Economic Activity in Urban America. Regional Studies, 45(8), 1079-1090 https://doi.org/10.1080/00343401003713431
  2. Anderson, T. W. (1951). Estimating Linear Restrictions on Regression Coefficients for Multivariate Normal Distributions. The Annals of Mathematical Statistics, 22(3), 327-351
  3. Astriou, D., & Agiomirgianakis, G. M. (2001). Human Capital and Economic Growth Time Series Evidence from Greece. Journal of Policy Modeling, 23(5), 481-489. https://doi.org/10.1016/S0161-8938(01)00054-0
  4. Awan, A. G. (2012). Diverging Trends of Human Capital in BRIC Countries. International Journal of Asian Social Science, 2(12), 2195-2219.
  5. Azariadis, C., & Drazen, A. (1990). Threshold Externalities in Economic Development. The Quarterly Journal of Economics, 105(2), 501-526. https://doi.org/10.2307/2937797
  6. Baharin, R., Aji, R. H. S., Yussof, I., & Saukani, N. M. (2020). Impact of Human Resource Investment on Labor Productivity in Indonesia. Iran Journal of Management Studies, 13(1), 139-164. https://doi.org/10.22059/ijms.2019.280284.673616
  7. Baltagi, B. H., & Lee, Q. (1995). Testing AR(1) Against MA(1) Disturbances in an Error Component Model. Journal of Econometrics, 68(1), 133-151. https://doi.org/10.1016/0304-4076(94)01646-H
  8. Baltagi, G. H. (2013). Econometric Analysis of Panel Data. John Wiley & Sons Chichester, Fifth Edition.
  9. Barcenilla-Visús, S., & López-Pueyo, C. (2018). Inside Europe: Human Capital and Economic Growth Revisited. Empirica, 45(4), 821-847. https://doi.org/10.1007/s10663-017-9394-2
  10. Becker, G. S. (1960). Underinvestment in College Education? The American Economic Review, 50(2), 346-354.

Kaynak Göster

APA
Begeç, E. (2025). Labor Productivity and Human Capital: An Interactive Model. Bulletin of Economic Theory and Analysis, 10(3), 1413-1439. https://doi.org/10.25229/beta.1675194
AMA
1.Begeç E. Labor Productivity and Human Capital: An Interactive Model. beta. 2025;10(3):1413-1439. doi:10.25229/beta.1675194
Chicago
Begeç, Enis. 2025. “Labor Productivity and Human Capital: An Interactive Model”. Bulletin of Economic Theory and Analysis 10 (3): 1413-39. https://doi.org/10.25229/beta.1675194.
EndNote
Begeç E (01 Ekim 2025) Labor Productivity and Human Capital: An Interactive Model. Bulletin of Economic Theory and Analysis 10 3 1413–1439.
IEEE
[1]E. Begeç, “Labor Productivity and Human Capital: An Interactive Model”, beta, c. 10, sy 3, ss. 1413–1439, Eki. 2025, doi: 10.25229/beta.1675194.
ISNAD
Begeç, Enis. “Labor Productivity and Human Capital: An Interactive Model”. Bulletin of Economic Theory and Analysis 10/3 (01 Ekim 2025): 1413-1439. https://doi.org/10.25229/beta.1675194.
JAMA
1.Begeç E. Labor Productivity and Human Capital: An Interactive Model. beta. 2025;10:1413–1439.
MLA
Begeç, Enis. “Labor Productivity and Human Capital: An Interactive Model”. Bulletin of Economic Theory and Analysis, c. 10, sy 3, Ekim 2025, ss. 1413-39, doi:10.25229/beta.1675194.
Vancouver
1.Enis Begeç. Labor Productivity and Human Capital: An Interactive Model. beta. 01 Ekim 2025;10(3):1413-39. doi:10.25229/beta.1675194