IDEAS home Printed from https://ideas.repec.org/a/afc/ecosoc/y2009i40p901-917.html
   My bibliography  Save this article

Human Capital and French Macroeconomic Growth in the Long Run

Author

Listed:
  • Claude DIEBOLT
  • Jamel TRABELSI

Abstract

Much of the economic growth literature has focused on the contribution of human capital to national development. Two assumptions have remained largely unexamined: (I) economic stability results from economic growth, and (II) investments in human capital result in economic growth (ceteris paribus). This article questions this education-stability link by analyzing regime shifts in the stochastic process of real Gross Domestic Product (GDP) and education expenditures in France over the period 1820-1990. Results indicate that human capital investment prior to 1945 was a response to economic growth. It is only since 1945 that human capital investments appear to drive economic growth. The results raise the question of whether human capital investment might not be as much a consequence as it is a cause of economic stability in the course of time.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Claude DIEBOLT & Jamel TRABELSI, 2009. "Human Capital and French Macroeconomic Growth in the Long Run," Economies et Sociétés (Serie 'Histoire Economique Quantitative'), Association Française de Cliométrie (AFC), issue 40, pages 901-917, May.
    • Handle: RePEc:afc:ecosoc:y:2009:i:40:p:901-917
    as

    Download full text from publisher

    File URL: http://www.ismea.org/ismea/histecoquant.40.html
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Nicolas DAURES & Claude DIEBOLT & Magali JAOUL-GRAMMARE & Gilles SAN MARTINO, 2007. "L’instruction primaire en France au 19ème siècle. Une étude cliométrique du mythe de Ferry," Economies et Sociétés (Serie 'Histoire Economique Quantitative'), Association Française de Cliométrie (AFC), issue 37, pages 1089-1363, July-Augu.
    2. Zacharias Psaradakis & Martin Sola, 2003. "On detrending and cyclical asymmetry," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(3), pages 271-289.
    3. anonymous, 1995. "Does the bouncing ball lead to economic growth?," Regional Update, Federal Reserve Bank of Atlanta, issue Jul, pages 1-2,4-6.
    4. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    5. Jean Luc De Meulemeester & Claude Diebolt, 2004. "The economies of education: unkept promises?," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 47(3-4), pages 303-320.
    6. Sichel, Daniel E, 1993. "Business Cycle Asymmetry: A Deeper Look," Economic Inquiry, Western Economic Association International, vol. 31(2), pages 224-236, April.
    7. Claude Diebolt & Michael Haupert, 2018. "Cliometrics," Working Papers of BETA 2018-01, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    8. Claude Diebolt, 2005. "Long Cycles Revisited [Les cycles longs revisités]," Post-Print hal-00279349, HAL.
    9. Claude Diebolt & Faustine Perrin, 2016. "Growth Theories," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 1, pages 177-195, Springer.
    10. Claude Diebolt, 2005. "Long Cycles Revisited. An Essay in Econometric History," Working Papers 05-05, Association Française de Cliométrie (AFC).
    11. Xavier Sala-I-Martin, 1997. "Transfers, Social Safety Nets, and Economic Growth," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 81-102, March.
    12. Bai, Jushan & Ng, Serena, 2001. "A consistent test for conditional symmetry in time series models," Journal of Econometrics, Elsevier, vol. 103(1-2), pages 225-258, July.
    13. Blaug, Mark, 1985. "Where are we now in the economics of education?," Economics of Education Review, Elsevier, vol. 4(1), pages 17-28, February.
    14. Clements, Michael P & Krolzig, Hans-Martin, 2003. "Business Cycle Asymmetries: Characterization and Testing Based on Markov-Switching Autoregressions," Journal of Business & Economic Statistics, American Statistical Association, vol. 21(1), pages 196-211, January.
    15. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
    16. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dorocki Sławomir & Borowiec Monika, 2012. "The process of transformation of academic centres as a factor upgrading the quality of human capital in the regions of France," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 18(18), pages 15-27, November.
    2. Johnson, Noel, 2015. "Taxes, National Identity, and Nation Building: Evidence from France," MPRA Paper 63598, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Claude Diebolt, 2006. "Croissance et éducation," Working Papers 06-10, Association Française de Cliométrie (AFC).
    2. Denis Maguain, 2007. "Les rendements de l'éducation en comparaison internationale," Économie et Prévision, Programme National Persée, vol. 180(4), pages 87-106.
    3. repec:zbw:rwidps:0030 is not listed on IDEAS
    4. Kristinn Hermannsson & Patrizio Lecca, 2016. "Human Capital in Economic Development: From Labour Productivity to Macroeconomic Impact," Economic Papers, The Economic Society of Australia, vol. 35(1), pages 24-36, March.
    5. Ravallion, Martin, 2019. "Global inequality when unequal countries create unequal people," European Economic Review, Elsevier, vol. 111(C), pages 85-97.
    6. Jaewon Lim & Changkeun Lee & Euijune Kim, 2015. "Contributions of human capital investment policy to regional economic growth: an interregional CGE model approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 269-287, December.
    7. Patrizio Pagano & Massimo Sbracia, 2014. "The secular stagnation hypothesis: a review of the debate and some insights," Questioni di Economia e Finanza (Occasional Papers) 231, Bank of Italy, Economic Research and International Relations Area.
    8. Smaoui, Houcem & Nechi, Salem, 2017. "Does sukuk market development spur economic growth?," Research in International Business and Finance, Elsevier, vol. 41(C), pages 136-147.
    9. Nien-Huei Jiang, 2000. "Information Spillover and Economic Development," Vanderbilt University Department of Economics Working Papers 0030, Vanderbilt University Department of Economics.
    10. Indunil De Silva & Sudarno Sumarto, 2015. "Dynamics Of Growth, Poverty And Human Capital: Evidence From Indonesian Sub-National Data," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 40(2), pages 1-33, June.
    11. Olivier Parent & Abdallah Zouache, 2009. "Geographical Features vs. Institutional Factors: New Perspectives on The Growth of Africa and Middle-East," Working Papers 490, Economic Research Forum, revised Jun 2009.
    12. Mitra, Arup & Sharma, Chandan & Véganzonès-Varoudakis, Marie-Ange, 2016. "Infrastructure, information & communication technology and firms’ productive performance of the Indian manufacturing," Journal of Policy Modeling, Elsevier, vol. 38(2), pages 353-371.
    13. Solomon Polachek, 2003. "Mincer's Overtaking Point and the Life Cycle Earnings Distribution," Review of Economics of the Household, Springer, vol. 1(4), pages 273-304, December.
    14. Simplice A. Asongu, 2017. "Knowledge Economy Gaps, Policy Syndromes, and Catch-Up Strategies: Fresh South Korean Lessons to Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 211-253, March.
    15. Mohamed Bouzahzah & Frédéric Docquier & Oliver Paddison, 2002. "Retraites, croissance et inégalités en présence d'individus myopes," Économie et Prévision, Programme National Persée, vol. 155(4), pages 31-44.
    16. Taylor, Alan M., 1999. "Sources of convergence in the late nineteenth century," European Economic Review, Elsevier, vol. 43(9), pages 1621-1645, October.
    17. Victor Court & Pierre-André Jouvet & Frédéric Lantz, 2015. "Endogenous economic growth, EROI, and transition towards renewable energy," Working Papers 1507, Chaire Economie du climat.
    18. Stauvermann Peter, 1997. "Endogenes Wachstum, Fertilität und Sozialversicherung in Entwicklungsländern / Endogenous Growth, Fertility and Social Security," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 216(2), pages 175-193, April.
    19. Xavier Pautrel, 2001. "Formation dans la production, capital humain, innovation et croissance," Economie & Prévision, La Documentation Française, vol. 0(4), pages 171-185.
    20. Oscar Afonso & Alvaro Aguiar, 2003. "Non-Scale Effects of North-South Trade on Economic Growth," DEGIT Conference Papers c008_013, DEGIT, Dynamics, Economic Growth, and International Trade.
    21. Perez-Sebastian, Fidel, 2000. "Transitional dynamics in an R&D-based growth model with imitation: Comparing its predictions to the data," Journal of Monetary Economics, Elsevier, vol. 45(2), pages 437-461, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afc:ecosoc:y:2009:i:40:p:901-917. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/afcccea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.