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Panel data estimates of the growth and level effects of human capital in the selected Asian countries

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  • Rao, B. Bhaskara
  • Singh, Rup

Abstract

This paper uses an extension to the Solow growth model to estimate the level and growth effects of human capital. Empirical results for a panel of 10 Asian countries from 1960-2003 show that both the growth and level effects of human capital are positive and significant.

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File URL: http://mpra.ub.uni-muenchen.de/19082/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19082.

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Date of creation: 09 Dec 2009
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Handle: RePEc:pra:mprapa:19082

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Keywords: Level and growth effects of human capital; extension to the Solow growth model.;

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  1. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, Elsevier, vol. 22(1), pages 3-42, July.
  2. Rao, B. Bhaskara & Singh, Rup, 2007. "Effects of Trade Openness on the Steady State Growth Rates of Selected Asian Countries with an Extended Exogenous Growth Model," MPRA Paper 5851, University Library of Munich, Germany.
  3. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 107(2), pages 407-37, May.
  4. Hartog,Joop & Maassen van den Brink,Henriƫtte (ed.), 2009. "Human Capital," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521117562.
  5. Stephen Bond & Anke Hoeffler & Jonathan Temple, 2001. "GMM Estimation of Empirical Growth Models," Economics Papers 2001-W21, Economics Group, Nuffield College, University of Oxford.
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