ESTIMATED PARAMETERS OF HALL–JONES SCALE WITH HUMAN CAPITAL BASED ON RUSSIAN DATA
Abstract
The authors try to estimate total factor productivity of the Russian economy. HallJones scale is applied when carrying out macroeconomic spatial analysis of total factor productivity and output elasticity with respect to human and physical capital. Dynamic analysis of total factor productivity and output elasticity coefficient (income, expenses, wages of Russia’s population) with respect to physical and human capital for 2003–2012 was carried out. Total factor productivity increases and output elasticity decreases with respect to human capital in the considered period of time.
About the Authors
I. N. Karelin
Novosibirsk State University of Architecture and Civil Engineering (Sibstrin)
Russian Federation
Senior lecturer, Chair of General Economics
Russian Federation
Senior lecturer, Chair of General Economics
A. V. Koritskiy
Novosibirsk State University of Architecture and Civil Engineering (Sibstrin)
Russian Federation
Doctor of Economics, Professor, Chair of General Economics
Russian Federation
Doctor of Economics, Professor, Chair of General Economics
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Review
For citations:
Karelin I.N., Koritskiy A.V. ESTIMATED PARAMETERS OF HALL–JONES SCALE WITH HUMAN CAPITAL BASED ON RUSSIAN DATA. Vestnik NSUEM. 2015;(1):102-113. (In Russ.)
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