International Journal of Business and Economics Volume 13, No. 2 December, 2014

Subadditivity in Resource Allocation: An Experimental Study of the Hong Kong Mandatory Retirement Protection Scheme

Valentin Zelenyuk

School of Economics and Centre for Efficiency and Productivity Analysis,  The University of Queensland, Australia

Abstract

In this work we develop a framework for statistical testing of significance of contributions to changes in economic growth rates (and productivity changes) in the Solow's growth accounting framework, which is the main contribution of the paper. We then also illustrate the developed methodology for testing significance of the impact of information and communication technologies capital on the labor productivity distribution of developed countries in 1980–1995.

Keywords：growth and productivity, developed countries, ICT impact.

JEL Classifications：O31,O47,O2,P27.

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