Affordable Access

Talent Utilization, a Source of Bias in Measuring TFP

Authors
Disciplines
  • Economics

Abstract

This paper analyzes a model of economic growth that explains differences in economic structure across countries. It highlights the interplay between productivity, talents utilization and entrepreneurship incentives. The paper has two main results. First, it argues that when measuring human capital we ignore one dimension, which is \talents utilization". It is suggested then that, in development accounting, human capital is inaccurately measured. Second, it shows that the magnitude of talents utilization increases with the level of development. Thus, the paper suggests that talents utilization amplifies differences in productivity and contributes to the explanation of large observed international differences in per capita income.

There are no comments yet on this publication. Be the first to share your thoughts.

Statistics

Seen <100 times
0 Comments

More articles like this

Bias measuring bias.

on Journal of Health Services Res... January 2002

Measuring discriminability when there are multiple...

on Behavior Research Methods February 2009
More articles like this..