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Crescimento econômico e acumulação de capital humano: uma análise sobre a relação de causalidade

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  • Alexandre Batista Ferreira

    ()

  • Luciano Nakabashi

    ()

  • Marcello da Cunha Santos

    ()

Abstract

The accumulation of human capital plays a crucial role in growth theories and it is incorporated in the growth models in a very simplified way. Therefore it does not take into account the economic development process complexity. They consider that the amount of human capital is an important input in the technological change process, but a country's technology level is also important in the human capital accumulation process. Consequently the two variables are determined endogenously in a simultaneous equation system. In this work we propose an analysis of the human capital and technological changes in a simultaneous equation system by means of a cross-section analysis within a range of countries.

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Bibliographic Info

Paper provided by Cedeplar, Universidade Federal de Minas Gerais in its series Textos para Discussão Cedeplar-UFMG with number td222.

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Length: 27 pages
Date of creation: Oct 2003
Date of revision:
Handle: RePEc:cdp:texdis:td222

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Related research

Keywords: economic growth; human capital; simultaneous equation system;

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References

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  1. Klette, Tor Jakob & Griliches, Zvi, 2000. "Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 110(463), pages 363-87, April.
  2. Theodore W. Schultz, 1962. "Reflections on Investment in Man," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 70, pages 1.
  3. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
  4. Galor, Oded & Moav, Omer, 2001. "Natural Selection and the Origin of Economic Growth," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2727, C.E.P.R. Discussion Papers.
  5. Blackburn, Keith & Hung, Victor T. Y. & Pozzolo, Alberto F., 2000. "Research, Development and Human Capital Accumulation," Journal of Macroeconomics, Elsevier, Elsevier, vol. 22(2), pages 189-206, April.
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