This paper studies theoretically how the cross-country differences in the institutional quality (IQ) of the domestic credit markets shape the patterns of international capital flows when such IQ differences cause productivity differences across countries. IQ affects productivity by changing productivity-agency cost trade-offs across heterogeneous investment projects, which have opposite effects...

This paper surveys the empirical literature on human capital and productivity and summarizes the results of my own work on the subject. On balance, the available evidence suggests that investment in education has a positive, significant and sizable effect on productivity growth. According to my estimates, moreover, the social returns to investment in human capital are higher than those on physi...

IN A PREVIOUS PAPER I explored two suggestions about how to understand time-series and cross-country variations in measured total factor productivity growth: increases in the labor force might slow technological change and increases in capital might speed it up. 1 Neither suggestion was new. The conjecture about the effect of labor dates back, at least, to attempts to explain the divergence in ...

Objective: Decrease  in the staff Productivity in some of the enterprises is one of the  problems  that the managers have to encounter. The purpose of this study was to the study of  investigating the relationship between social capital and intellectual capital with staff productivity in Kerman University of Medical Sciences. Methods: A descrip...

The dynamic properties of the optimal growth model are examined, based on a one good and two factor-labor and capital--model with a labor-surplus economy due to a fixed wage rate. If the average capital productivity is higher than the time discount rate which is assumed to be larger than the population growth rate, then the economy reaches the full employment stationary state in a finite amount...

Objective: Decrease  in the staff Productivity in some of the enterprises is one of the  problems  that the managers have to encounter. The purpose of this study was to the study of  investigating the relationship between social capital and intellectual capital with staff productivity in Kerman University of Medical Sciences. Methods: A descrip...

This study focuses on the influence intellectual capital has on employees’ perceptions as related to both company investments and productivity levels. The data was obtained from 440 employees at 13 Portuguese companies. Both ANOVA and Regression Analysis were conducted in order to understand the impact three Intellectual Capital Scale components have on perceptions of investment and organizatio...

According to the firm life cycle theory, companies go through certain behavioral patterns in various stages of their life. A thorough understanding and recognition of these behavioral patterns, new investment in assets and the optimal use of assets can considerably enhance the capital productivity. In the current study, the relationship between the stages of firm life cycle and capital producti...

In the Intellectual Capital (IC) literature, only a few studies have analyzed the relationships among the components of IC and organizational success. This study provides further insight into the role of IC in organizational performance, especially financial performance. In this order, Value Added Intellectual Coefficient (VAICTM) method has been used for measuring the value based performance o...