本文探討人力資本及金融發展對經濟成長的影響，設定使用translog生產函數，以世界73個國家作為研究對象，樣本期間為1980~2000年共計21年，建立平衡縱橫資料，採用最大概似法估計各項係數，分析要素投入與經濟成長間的關係，及經濟體系中成長狀況是否符合「收斂假說」。最後，利用估出之係數，計算各類相關生產力指標。
主要的實證結果為，(1)除了實質資本外，人力資本與代表金融發展之代理變數實質貨幣餘額，皆對經濟成長具顯著性的影響；(2)經濟體系呈現發散的情形，結果支持內生成長理論；(3)資本、貨幣與人力資本之產量彈性平均值皆為正值，其中以資本的產量彈性最高；(4)經濟體系有發生技術進步的現象，且逐漸接近其生產邊界；(5)總要素生產力平均每年成長3.86%。

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