Paper Titles in Periodical
International Letters of Social and Humanistic Sciences
Volume 61

Subscribe

Subscribe to our Newsletter and get informed about new publication regulary and special discounts for subscribers!

ILSHS > Volume 61 > Measuring the Productivity of Capital in the...
Measuring the Productivity of Capital in the Industrial Sector of Sistan and Baloochestan State, Iran
< Back to Volume

Measuring the Productivity of Capital in the Industrial Sector of Sistan and Baloochestan State, Iran

Full Text PDF

Abstract:

This working paper strives to measure analyze and the productivity of capital in the industrial sector in the case of the State of Sistan and Baloochestan over the period 1982-2009. Three production functions (Debertin, Cobb-Douglas and Transcendental logarithm (Translog)) are estimated by relevant variables such as labor, capital and GDP. Akaike, Schwarz information criteria and LR test indicate that the Cobb-Douglas model should be preferred. In order to avoid a spurious regressing Johansen test detects a cointegration. According to this detection the cointegration term (-0.46) indicates that the deviation from long-run equilibrium is rectified gradually through a series of partial short term adjustments after or so two years.The results of this function reveal that there's been a diminishing trend in productivity of capital since 1982.So it demonstrates the lack of attention to capital productivity. Thus we can conclude that Sistan suffers from the absence of comprehensive strategy and segregation between trade and production policies.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 61)
Pages:
138-144
DOI:
https://doi.org/10.18052/www.scipress.com/ILSHS.61.138
Citation:
F. Rahbar et al., "Measuring the Productivity of Capital in the Industrial Sector of Sistan and Baloochestan State, Iran", International Letters of Social and Humanistic Sciences, Vol. 61, pp. 138-144, 2015
Online since:
October 2015
Authors:
Farhad Rahbar, Mostafa Sargolzaei, Faramarz Khalighi, Mohammad Roshanro
Keywords:
Capital Productivity, GDP, Industrial Sector, Iran, Production Function, VECM
Export:
RIS, BibTeX, Text
Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

[1] Bernadette Biatour, Geert Bryon and Chantal Kegels, Capital Services and Total Factor Productivity Measurements: Impact of Various Methodologies for Belgium, (2007).

[2] Carol Corrado, Charles Hulten, and Daniel Sichel, Measuring Capital and Technology: An Expanded Framework, Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C., (2004).

DOI: https://doi.org/10.7208/chicago/9780226116174.003.0002

[3] Dale W. Jorgenson, Productivity and Economic Growth, Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth, (1991).

[4] Francisco J. Buera, Yongseok Shin, Productivity Growth and Capital Flows: The Dynamics of Reforms, (2011).

DOI: https://doi.org/10.3386/w15268

[5] Griliches, Z. & D. Jorgenson, the Explanation of Productivity Change, Review of Economic Studies, 34: 249- 283, (1997).

[6] Kemme, D, Productivity Growth in Polish Industry, Journal of Comparative Economics, Vol. II: 1- 20, (1987).

[7] Krueger, A. & B. Tancer, Growth of Factor Productivity in Turkish Manufacturing Industries, Journal of Development Economics, II (3): 307- 325, (1982).

[8] Liu, Y., C. Beng & L. Wenzhi, Education, Experience and Productivity of Labor in China's Township and Village Enterprises: The Case of Jiangsu Province, China Economic Review, 9 (1): 47- 58, (1988).

DOI: https://doi.org/10.1016/s1043-951x(99)80003-0

[9] Paul Schreyer, Measuring Productivity, Conference on next steps for the Japanese SNATokyo, (2005).

[10] Paul Turner, Testing for cointegration using the Johansen approach: Are we using the correct critical values? , Loughborough University Institutional Repository, (2007).

[11] Sethuraman. S, Employment and Labor Productivity in Indian Since 1950. Economic Development and Cultural Change, 22(4): 673-690, (1974).

DOI: https://doi.org/10.1086/450754

[12] Soltani, G. R, Determining of Rate of Return on Investment in the Agricultural Sector, Journal of Agricultural Economics and development, Journal of Agricultural Economics and Development, (2004).

Show More Hide
Cited By:
This article has no citations.