Education and labour productivity in New Zealand

Razzak, Weshah and Timmins, Jason (2007): Education and labour productivity in New Zealand.

Abstract

We estimate the effect of four types of education qualifications, as a proxy for human capital and skill levels, on GDP per capita, and compute the average percentage returns. We also test the effect of the product of each proxy of human capital with R&D on GDP per capita. We find that only university qualification and its product with R&D to have a positive effect on the average economy-wide productivity.

• Item Type: MPRA Paper
• Institution: Department of Labour - New Zealand
• Language: English
• Keywords: Labour productivity; education qualification; R&D
• Subjects: D - Microeconomics > D2 - Production and Organizations > D20 - General; J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models

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