Rao, B. Bhaskara and Vadlamannati, Krishna Chaitanya (2009): Estimates of the level and growth effects of human capital in India.
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In the extended Solow growth model of Mankiw, Romer and Weil (1992) human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth improving variable. Human capital may have both a permanent level and a permanent growth effect. We show, with data from India, that both the level and growth effects of human capital can be estimated with an extension to the Solow model.
|Item Type:||MPRA Paper|
|Original Title:||Estimates of the level and growth effects of human capital in India|
|Keywords:||Solow model, Level and growth effects of human capital and India|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General|
|Depositing User:||B. Bhaskara Rao|
|Date Deposited:||23. Sep 2009 16:46|
|Last Modified:||16. Feb 2013 16:51|
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