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The Role of Human Capital in the Process of Economic Development: The Case of England, 1307-1900

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  • Alexandra M. de Pleijt
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    Abstract

    Macroeconomic growth models underline the importance of human capital in the process of economic development. This analysis introduces a new proxy for human capital, which is educational attainment, and examines cohesion between education levels and growth for England between 1307 and 1900. The empirical evidence suggests no significant result between basic skills, such as reading and writing abilities, and growth of per capita GDP. More progressive human capital levels, as measured by average years of higher education, seem to have contributed to the process of development until the mid-eighteenth century.

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    File URL: http://www.cgeh.nl/sites/default/files/WorkingPapers/CGEH.WP_.No21.Sandra.de_.Pleijt.pdf
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    Bibliographic Info

    Paper provided by Utrecht University, Centre for Global Economic History in its series Working Papers with number 0021.

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    Length: 32 pages
    Date of creation: Dec 2011
    Date of revision:
    Handle: RePEc:ucg:wpaper:0021

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    Postal: University of Utrecht, Drift 10, The Netherlands
    Web page: http://www.cgeh.nl
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    Keywords: Economic development; human capital; history of education; England;

    This paper has been announced in the following NEP Reports:

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    1. Broadberry, Stephen; Campbell, Bruce; Klein, Alexander; Overton, Mark; Van Leeuwen, Bas., 2010. "English Economic Growth: 1270 - 1870," CAGE Online Working Paper Series 35, Competitive Advantage in the Global Economy (CAGE).
    2. Galor, Oded & Tsiddon, Daniel, 1997. "Technological Progress, Mobility, and Economic Growth," American Economic Review, American Economic Association, vol. 87(3), pages 363-82, June.
    3. BOUCEKKINE, Raouf & DE LA CROIX, David & PEETERS, Dominique, 2005. "Early literacy achievements, population density and the transition to modern growth," CORE Discussion Papers 2005026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Bosker, Maarten & Buringh, Eltjo & van Zanden, Jan Luiten, 2010. "The Rise and Decline of European Parliaments, 1188-1789," CEPR Discussion Papers 7809, C.E.P.R. Discussion Papers.
    5. Marvin Goodfriend & John McDermott, 1994. "Early development," Working Paper 94-02, Federal Reserve Bank of Richmond.
    6. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
    7. David N. Weil & Oded Galor, 1999. "From Malthusian Stagnation to Modern Growth," American Economic Review, American Economic Association, vol. 89(2), pages 150-154, May.
    8. Allen,Robert C., 2009. "The British Industrial Revolution in Global Perspective," Cambridge Books, Cambridge University Press, number 9780521687850.
    9. Broadberry, Stephen; Van Leeuwen, Bas, 2010. "British Economic Growth and the Business Cycle, 1700-1870: Annual Estimates," CAGE Online Working Paper Series 20, Competitive Advantage in the Global Economy (CAGE).
    10. Galor, Oded & Moav, Omer, 1998. "Ability Biased Technological Transition, Wage Inequality and Growth," CEPR Discussion Papers 1972, C.E.P.R. Discussion Papers.
    11. Quinn, Stephen, 2001. "The Glorious Revolution'S Effect On English Private Finance: A Microhistory, 1680 1705," The Journal of Economic History, Cambridge University Press, vol. 61(03), pages 593-615, September.
    12. Anderson, T. W. & Hsiao, Cheng, 1982. "Formulation and estimation of dynamic models using panel data," Journal of Econometrics, Elsevier, vol. 18(1), pages 47-82, January.
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Human capital and economic growth: taking the long view
      by kevin denny in Kevin Denny: Economics more-or-less on 2012-01-26 10:28:56

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