Rao, B. Bhaskara and Singh, Rup (2009): Panel data estimates of the growth and level effects of human capital in the selected Asian countries.
Download (32kB) | Preview
This paper uses an extension to the Solow growth model to estimate the level and growth effects of human capital. Empirical results for a panel of 10 Asian countries from 1960-2003 show that both the growth and level effects of human capital are positive and significant.
|Item Type:||MPRA Paper|
|Original Title:||Panel data estimates of the growth and level effects of human capital in the selected Asian countries|
|Keywords:||Level and growth effects of human capital, extension to the Solow growth model.|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence|
|Depositing User:||B. Bhaskara Rao|
|Date Deposited:||10. Dec 2009 00:34|
|Last Modified:||12. Feb 2013 03:02|
Bond, S., Hoefﬂer, A. and Temple, T., (2001) “GMM Estimation of Empirical Growth Models”, unpublished.
Bosworth, B., and Collins, S. (2003) “The empirics of growth An update,” Brookings Papers on Economic Activity, 22(1): 45–66.
Lucas, R. (1988) “On the mechanics of economic development,” Journal of Monetary Economics, 22(1): 3-42.
Mankiw, N., Romer, D., and Weil, D. (1992) "A contribution to the empirics of economic growth," Quarterly Journal of Economics, 107 (2): 407-437.
Rao, B. B. and Vadlamannati, K.C. (2009) “The level and growth effects of human capital in India,” Applied Economics Letters, forthcoming.
Rao, B. B. (2010) “Time Series Econometrics of Growth Models: A Guide for Applied Economists”, Applied Economics, 42 (1): 73–86.
Rao, B. B., and Singh, R. (2007) “Effects of trade openness on the steady state growth rates of selected Asian countries with an extended exogenous growth model. MPRA Paper 8605, University Library of Munich, Germany.
Solow, R., (1956) "A contribution to the theory of economic growth,” Quarterly Journal of Economics, 71(1): 65-94.