Estimates of the level and growth effects of human capital in India
AbstractIn the extended Solow growth model of Mankiw, Romer and Weil (1992) human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth improving variable. Human capital may have both a permanent level and a permanent growth effect. We show, with data from India, that both the level and growth effects of human capital can be estimated with an extension to the Solow model.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17480.
Date of creation: 24 Sep 2009
Date of revision:
Solow model; Level and growth effects of human capital and India;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-26 (All new papers)
- NEP-CWA-2009-09-26 (Central & Western Asia)
- NEP-DEV-2009-09-26 (Development)
- NEP-FDG-2009-09-26 (Financial Development & Growth)
- NEP-HRM-2009-09-26 (Human Capital & Human Resource Management)
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