African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4193

Full Length Research Paper

Investigating the effects of capital on the productivity of industries: Evidence from Khorasan Razavi, Iran

Hamideh Salimifar1*, Mostafa Salimifar2 and Mohammad Salimifar2
1Department of Business Management (Financial trends), Islamic Azad University, Neishabour Branch, Khorasan Razavi, Iran. 2Faculty of Economy, Ferdowsi University of Mashhad, Iran.
Email: [email protected]

  •  Accepted: 06 January 2012
  •  Published: 04 July 2012

Abstract

This study investigates the relationship between capital stock and total factors productivity in Khorasan Razavi Province of Iran during 2003 to 2007. In this study, a brief definition and literature of productivity is assessed and the theoretical principles of productivity in domestic and foreign studies will be mentioned. The hypothesis of this study will be analyzed and tested with econometric models in form of Cobb-Douglas production function and integrated data. The obtained results showed that there is a positive and meaningful relationship between the increase of capital stock and the increase of total factors productivity during the mentioned period.

 

Key words: Partial productivity, total factors productivity, capital stock, industrial groups.

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