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題名 應用隨機邊界模型探討收敛假說—兼論人力資本、金融發展與經濟成長之關係
其他題名 Applying the Stochastic Frontier Model to Test the Convergence Hypothesis: The Interrelationships among Human Capital,Financial Development, and Economic Growth
作者 黃台心;陳盈秀;鍾銘泰;林延霖
Huang, Tai-Hsin;Chen,Ying-Hsiu;Chung,Ming-Tai;Lin,Yen-Lin
貢獻者 金融系
關鍵詞 收斂假說;邊際生產力;技術效率;總要素生產力;隨機邊界法
Convergence Hypothesis; Marginal Productivity; Technical Efficiency;Total Factor Productivity; Stochastic Frontier Approach
日期 2013.12
上傳時間 24-Oct-2014 18:02:04 (UTC+8)
摘要 本文旨在建立隨機邊界產出成長率函數,在變動規模報酬的假設下,探討起始所得水準、實體資本、金融發展、人力資本與勞動力對各國經濟成長之影響,進而重新檢視收斂假說,並進行國家技術效率與總要素生產力分解之跨國分析。蒐集 1980 年至 2000 年 74個樣本國家之平衡縱橫資料,實證分析主要發現有四:(i) 實體資本與人力資本具有互補關係,金融發展與實體資本具替代性,但與人力資本呈互補關係;(ii) 低、中所得國家皆呈現所得收斂現象,且低所得國家之收斂速度較快,而高所得國家則無所得收斂情形;(iii)高所得國家享有較高的資本邊際生產力,低所得國家則以勞動與人力資本的邊際貢獻較大,並享有規模經濟;(iv) 全體國家之總要素生產力平均以每年 3.52% 的速度成長,其中以中所得國家速度最快;中、高所得國家主要成長來源皆為技術進步,低所得國家則為規模效果。
This study applies the stochastic translog production frontier under variable returns to scale to investigate the effects of initial income, capital stock, financial development, human capital, and labor on a country’s economic growth, in which each variable is transformed by taking the first difference in order to delete any inherent non-stationarity. This modeling tests the convergence hypothesis and decomposes productivity change into various elements. We collect data from 74 countries, covering 1980-2000, and find evidence that capital stock and human capital are complements, and that financial development is a substitute for human capital, but a complement for human capital. This study supports the convergence hypothesis through low and middle-income countries, whereby the speed of convergence in low-income countries is faster than in middle-income countries, while this study rejects the hypothesis for high-income countries. We note that the marginal productivity of capital of high-income countries is the highest, and that the marginal productivities of labor and human capital of low-income countries are the highest. Moreover, the average growth rate of total factor productivity for the sample states is equal to 3.52% per annum.
關聯 經濟研究,50(1),101-139
資料類型 article
dc.contributor 金融系en_US
dc.creator (作者) 黃台心;陳盈秀;鍾銘泰;林延霖zh_TW
dc.creator (作者) Huang, Tai-Hsin;Chen,Ying-Hsiu;Chung,Ming-Tai;Lin,Yen-Linen_US
dc.date (日期) 2013.12en_US
dc.date.accessioned 24-Oct-2014 18:02:04 (UTC+8)-
dc.date.available 24-Oct-2014 18:02:04 (UTC+8)-
dc.date.issued (上傳時間) 24-Oct-2014 18:02:04 (UTC+8)-
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=79295-
dc.description.abstract (摘要) 本文旨在建立隨機邊界產出成長率函數,在變動規模報酬的假設下,探討起始所得水準、實體資本、金融發展、人力資本與勞動力對各國經濟成長之影響,進而重新檢視收斂假說,並進行國家技術效率與總要素生產力分解之跨國分析。蒐集 1980 年至 2000 年 74個樣本國家之平衡縱橫資料,實證分析主要發現有四:(i) 實體資本與人力資本具有互補關係,金融發展與實體資本具替代性,但與人力資本呈互補關係;(ii) 低、中所得國家皆呈現所得收斂現象,且低所得國家之收斂速度較快,而高所得國家則無所得收斂情形;(iii)高所得國家享有較高的資本邊際生產力,低所得國家則以勞動與人力資本的邊際貢獻較大,並享有規模經濟;(iv) 全體國家之總要素生產力平均以每年 3.52% 的速度成長,其中以中所得國家速度最快;中、高所得國家主要成長來源皆為技術進步,低所得國家則為規模效果。en_US
dc.description.abstract (摘要) This study applies the stochastic translog production frontier under variable returns to scale to investigate the effects of initial income, capital stock, financial development, human capital, and labor on a country’s economic growth, in which each variable is transformed by taking the first difference in order to delete any inherent non-stationarity. This modeling tests the convergence hypothesis and decomposes productivity change into various elements. We collect data from 74 countries, covering 1980-2000, and find evidence that capital stock and human capital are complements, and that financial development is a substitute for human capital, but a complement for human capital. This study supports the convergence hypothesis through low and middle-income countries, whereby the speed of convergence in low-income countries is faster than in middle-income countries, while this study rejects the hypothesis for high-income countries. We note that the marginal productivity of capital of high-income countries is the highest, and that the marginal productivities of labor and human capital of low-income countries are the highest. Moreover, the average growth rate of total factor productivity for the sample states is equal to 3.52% per annum.en_US
dc.format.extent 750365 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) 經濟研究,50(1),101-139en_US
dc.subject (關鍵詞) 收斂假說;邊際生產力;技術效率;總要素生產力;隨機邊界法en_US
dc.subject (關鍵詞) Convergence Hypothesis; Marginal Productivity; Technical Efficiency;Total Factor Productivity; Stochastic Frontier Approachen_US
dc.title (題名) 應用隨機邊界模型探討收敛假說—兼論人力資本、金融發展與經濟成長之關係zh_TW
dc.title.alternative (其他題名) Applying the Stochastic Frontier Model to Test the Convergence Hypothesis: The Interrelationships among Human Capital,Financial Development, and Economic Growthen_US
dc.type (資料類型) articleen