Advanced Search
MyIDEAS: Login

Human Capital and French Macroeconomic Growth in the Long Run


Author Info

  • Claude Diebolt

    (BETA/CNRS, Université Louis Pasteur de Strasbourg, France)

  • Jamel Trabelsi

    (BETA/CNRS, Université Louis Pasteur de Strasbourg, France)


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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Paper provided by Association Française de Cliométrie (AFC) in its series Working Papers with number 08-11.

as in new window
Length: 15 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:afc:wpaper:08-11

Contact details of provider:
Web page:
More information through EDIRC

Related research

Keywords: Business cycles; cliometrics; economic growth; France; human capital; regime shifts.;

Other versions of this item:


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:afc:wpaper:08-11. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karine Pellier).

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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