Human Capital, Exports, and Economic Growth: A Causality Analysis for Taiwan, 1952-1995
AbstractBy using cointegration and error-correction representation methodology, this paper tested the causal relationship among human capital accumulation, exports, and economic growth using data pertaining to Taiwan's real GDP, real exports, and higher education attainment over the period 1952-95. The main findings of the paper are that human capital accumulation fosters growth and stimulates exports, while exports promote long-run growth by accelerating the process of human capital accumulation. Taiwan's case study thus supports the human capital-based endogenous growth theory and the export-led growth hypothesis. Copyright 2000 by Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of International Economics.
Volume (Year): 8 (2000)
Issue (Month): 4 (November)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576
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- Aurora A.C. Teixeira & Natércia Fortuna, 2006. "Human capital, trade and long-run productivity. Testing the technological absorption hypothesis for the Portuguese economy, 1960-2001," FEP Working Papers 226, Universidade do Porto, Faculdade de Economia do Porto.
- Gilberto Fraga & Carlos Bacha, 2011. "The Non-linearity of the Relationship between Human Capital and Exports in Brazil â€“ evidences of regional differences," ERSA conference papers ersa11p1016, European Regional Science Association.
- Paresh Kumar Narayan & Russell Smyth, 2004. "Temporal Causality between Human Capital and Real Income in Cointegrated VAR Processes: Empirical Evidence from China, 1960-1990," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 3(1), pages 1-11, April.
- Colantonio Emiliano & D'Angelo Francesca & Odoardi Iacopo & Scamuffa Domenico, 2010. "Internationalization And Innovation: The Challenges For Europe In A Changing World," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 214-219, December.
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