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Education and labour productivity in New Zealand

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  • Razzak, Weshah
  • Timmins, Jason

Abstract

We estimate the effect of four types of education qualifications, as a proxy for human capital and skill levels, on GDP per capita, and compute the average percentage returns. We also test the effect of the product of each proxy of human capital with R&D on GDP per capita. We find that only university qualification and its product with R&D to have a positive effect on the average economy-wide productivity.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1882.

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Date of creation: 08 Feb 2007
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Handle: RePEc:pra:mprapa:1882

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Keywords: Labour productivity; education qualification; R&D;

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Daron Acemoglu, 2001. "Directed Technical Change," NBER Working Papers 8287, National Bureau of Economic Research, Inc.
  2. Edward C. Prescott, 2002. "Prosperity and Depression: 2002 Richard T. Ely Lecture," Working Papers 618, Federal Reserve Bank of Minneapolis.
  3. Robin Johnson & W A Razzak & Steve Stillman, 2005. "Has New Zealand benefited from its investments in research & development?," Development and Comp Systems 0510022, EconWPA.
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