Healthier and More Educated Society Improves Multifactor Productivity: Time Varying Relationships

Öz

This study analyzes the influence of externalities generated by human capital on multifactor productivity (MFP). Education and health are two components of human capital that improvements in either of them influence the MFP. Scientific knowledge generated through published articles, and doctorates awarded by the US universities are considered as education components. Life expectancy at birth is an indicator of healthy nation. Explanators of MFP for the US private business sector for the last century are analyzed using Flexible Least Squares that enables an analyst to diagnose the magnitude of coefficient variation and detect which particular coefficients are changing. Results show that indicated variables have significant externalities and positively affect the MFP

Anahtar Kelimeler

• Multifactor Productivity, Time Varying relationships

Sağlıklı ve Daha Eğitimli Toplum Çoklu Faktör Verimliliğini Arttırır: Zamanla Değişen İlişkiler

Öz

Bu çalışma, beşeri sermaye tarafından oluşturulan dışsallıkların çoklufaktör verimliliği (ÇFV) üzerindeki etkilerini analiz etmektedir. Eğitim ve sağlık beşeri sermayenin bileşenlerindendir ki bunlardaki gelişmeler ÇFV’ni etkiler. Yayınlanmış makaleler yoluyla üretilen bilimsel bilgi ve ABD üniversiteleri tarafından verilen doktoralar eğitim bileşenleri olarak düşünüldü. Doğumda beklenen yaşam süreside sağlıklı milletin bir göstergesidir. ABD’nin özel sektör ÇFV’sini açıklayan etkenleri Esnek EKK kullanarak analiz edildi ki bu yöntem analizcinin hangi katsayıların değiştiğini ve değişimin büyüklüğünü belirlemesine imkân sağlar. Sonuçlar belirtilen değişkenlerin dışsallıklara sahip olduğunu ve ÇFV’ni pozitif etkilediğini göstermektedir

Anahtar Kelimeler

• Çoklu Faktör Verimliliği, Zamanla Değişen

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