Laabas, Belkacem and Weshah, Razzak (2011): Economic Growth and The Quality of Human Capital.
Download (160kB) | Preview
We calibrate an endogenous growth model to study the effect of the quality of human capital on productivity growth in a sample of thirty developed and developing countries for the period 1980 to 2007. We measure quality of human capital by relative cognitive skills. These are country scores in mathematics and science reported in Trends in International Mathematics and Science (TIMMS). The correlation between the relative quality of human capital and productivity growth is evident in the data for the developed countries. And, cross-country differences in the quality of human capital for a number of developed countries are highly positively associated with cross-country differences in productivity growth. The picture is significantly different for the developing countries in our sample.
|Item Type:||MPRA Paper|
|Original Title:||Economic Growth and The Quality of Human Capital|
|English Title:||Economic Growth and The Quality of Human Capital|
|Keywords:||quality of human capital, economic growth|
|Subjects:||I - Health, Education, and Welfare > I2 - Education and Research Insititutions > I20 - General
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General
|Depositing User:||Weshah Razzak|
|Date Deposited:||11. Feb 2011 18:10|
|Last Modified:||15. Feb 2013 09:02|
Aghion, P. and P. Howitt, “A Model of Growth Through Creative Destruction,” Econometrica, 1992, 60(2), 323-51.
Autor, D., A. Krueger, and L. Katz, “Computing Inequality: Have Computers Changed the Labor Market?” Quarterly Journal of Economics, CXIII, 1998, 1169-1213.
Barro, R. J. and Sala-i-Martin, X., Economic Growth, New York: McGraw-Hill, 1995.
Barro, R. J. and J.-W. Lee, “International Comparisons of Educational Attainment,” Journal of Monetary Economics, December 1993, 32(3), 363-94.
Barro, R. and Jong-Wha Lee, “A New Data Set of Educational Attainment in the World, 1950–2010,” NBER Working Paper No. 15902, April 2010.
Bils, M. and P. J. Klenow, “Does Schooling Cause Growth?” American Economic Review, 2000, 90(5), 1160-83.
Bosworth, B. and S. M. Collins, “The Empirics of Growth,” Brookings Institution and Georgetown University, September 2003.
Ciccone, A. and E. Papaioannou, “Human Capital, the Structure of Production, and Growth, 2005, Barcelona, Universitat Pompeu Fabra.
Grossman, G. and E. Helpman, Innovation and Growth in the Global Economy, Cambridge, MA: MIT Press, (1991), 119.
Hall, J. and G. Scobie, “Capital Shallowness: A Problem for New Zealand,” New Zealand Treasury Working Paper, 5/ 2005.
Hanushek, E. A. and D. D. Kimko, “Schooling, Labor-Force Quality and the Growth of Nations,” American Economic Review, 2000, 90(5), 1184-1208.
Hanushek, E. A. and L. Woessmann, “Schooling, Cognitive Skills, and the Latin American Growth Puzzle,” NBER, Cambridge MA, WP 15066, 2009.
Hanushek, E. A. and L. Woessmann, “How Much Educational Outcomes Matter in OECD Countries?” NBER, Cambridge MA, WP 16515, 2010.
Howitt, P. and P. Aghion, “Capital Accumulation and Innovation as Complementary Factors in Long-Run Growth,” Journal of Economic Growth 1998, 3, 111-30.
Howitt, P., “Steady Endogenous Growth with Population and R&D Inputs Growing,” Journal of Political Economy, 1999, 107(4), 715-30.
Jones, C. I., “Sources of U.S. Economic Growth in a World of Ideas,” American Economic Review, March 2002, 220-39.
Jorgenson, D. and B. M. Fraumeni, Investment in Education and U.S. Economic Growth,” Scandinavian Journal of Economics, 1992, 94, 51-70.
Laabas, B. and W. A. Razzak, “Taxes, Natural Resources Endowment and the Supply of Labor: New Evidence,” Arab Planning Institute Working Paper, Kuwait, 2010.
Levine, R. and D. Renelt, “A Sensetivity Analysis of Cross-Country Growth Regressions,” American Economic Review, September 1992, 82(4), 942-63.
Lucas, R. Jr., “On the Mechanics of Economic Development,” Journal of Monetary Economics, 22(1), 1988, 3-42.
Lucas, R. Jr. and L. A. Rapping, “Real Wages, Employment and Inflation,” Journal of Political Economy, 1969, 77, 721-754.
Lucas, R. Jr., “Ideas and Growth,” Economica 2009, 76, 1-19.
Mankiw, G., D. Romer, and D. Weil, “A Contribution to the Empirics of Economic Growth,” Quarterly Journal of Economics, May 1992, 107(2), 407-37.
Mincer, J., Schooling, Experience and Earnings, New York, Colombia University Press, 1974.
Nehru, V. and A. Dhareshwar, “New Estimates of total factor productivity growth for developing and industrial countries,” Policy Research Working Paper #1313, World Bank, 1994.
Nelson, R. and E. Phelps, “Investments in Humans, Technology Diffusion, and Economic Growth,” American Economic Review, May 1966, 56(2), 69-75.
Pissarides, C. and M A Veganzones-Varoudakis, “Labor Market and Economic Growth in the MENA Region,” World Bank Manuscript, January 2005.
Prescott, E. C., “Needed: A Theory of Total Factor Productivity,” Federal Reserve Bank of Minneapolis, 1997.
Psacharopoulos, G. and Harry Anthony Patrinos, “Returns to Investment in Education: A Further Update,”.2002, Policy research Working paper 2881. The World Bank.
W A Razzak, “Explaining the Gaps in Labour Productivity in Some Developed Countries,” Applied Econometrics and International Development, 2007, 7(2), 193-229.
Rebelo, S., “Long-Run Policy Analysis and Long-run Growth,” Journal of Political Economy, June 1991, 99(3), 500-21.
Romer, P., “Endogenous Technological Change,” Journal of Political Economy, October 1990a, Pt. 2 99(5), S71-S102.
Romer, P., “Human Capital and Growth: Theory and Evidence,” Carnegie-Rochester Conference Series on Public Policy, Spring 1990b, 32, 251-86.
Solow, R. M., “A Contribution to the Theory of Economic Growth,” Quarterly Journal of Economics, February 1956, 70 (1), 65-94.
Solow, R. M., “Technical Change and Aggregate Production Function,” Review of Economics and Statistics, August 1957, 39(3), 312-20.
Solow, R. and F. Y. Wan, “Extraction Costs in the Theory of Exhaustible Resources,” The Bell Journal of Economics, 1976, 7(2), 359-370.
Stiglitz, J., “Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths,” Review of Economic Studies, 1974, 123-137.
TIMMS, Trends in International Math and Science Study, 2009, Amsterdam. (http://nces.ed.gov/timss/)