Rao, Bhaskara and Shankar, Sriram (2011): Estimating the Permanent Growth Effects of Human Capital.
Download (210Kb) | Preview
This paper estimates with the least trimmed least squares (LTS) a specification suitable to estimate the permanent growth effects of human capital, using educational attainment (H) as a proxy. Our results show that H has significant permanent growth effects but these are much smaller than in Temple (1999).
|Item Type:||MPRA Paper|
|Original Title:||Estimating the Permanent Growth Effects of Human Capital|
|Keywords:||Least Trimmed Squares, Human capital, Educational attainment, Permanent growth effects|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources; Human Development; Income Distribution; Migration
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
|Depositing User:||Sriram Shankar|
|Date Deposited:||13. Aug 2011 02:29|
|Last Modified:||12. Feb 2013 20:35|
Benhabib, J., Spiegel, M., 1994. The role of human capital in economic development: evidence from aggregate cross-country data. Journal of Monetary Economics 34 (2), 143–174.
Mankiw, N. G., Romer, D. and Weil, D. (1992) A contribution to the empirics of economic growth, Quarterly Journal of Economics, 107(2), 407–37.
Pritchett, L., 1997.Where Has All the Education Gone?, The World Bank, Washington DC, Policy Research Working Paper No. 1581.
Solow, R. M. (1956) A contribution to the theory of economic growth, Quarterly Journal of Economics, 70(1), 65-94.
Temple, J.R.W., 1999. A positive effect of human capital on growth, Economics Letters 65, 131–134.