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Direct and Indirect Effects of Human Capital on World Development, 1960-2004

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  • GUISAN, Carmen
  • Neira, Isabel

Abstract

We analyze the main positive effects of human capital on economic development, having into account direct and indirect relationships between the educational level of population and real Gdp per inhabitant through the production function, demographic evolution, industrial development, foreign trade and other effects. We analyze the effects of the educational level of population in America, Europe, Eurasia, Africa and Asia-Pacific during the period 1960-2004 and present the estimation of several econometric models based on international panels of data which show the significant role of education. Authors recommend to foster international cooperation in order to help less developed countries to increase the speed of increase of educational level as the main source for development.

Suggested Citation

  • GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
  • Handle: RePEc:eaa:aeinde:v:6:y:2006:i:1_2
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    File URL: http://www.usc.es/economet/reviews/aeid612.pdf
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    References listed on IDEAS

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    1. Portela, Marta & Neira, Isabel, 2002. "Capital Social: Concepto y Estudio Econometrico sobre el Capital Social en España," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 2(2).
    2. Sharma, K., 2000. "Export Growth in India: Has FDI Played a Role?," Papers 816, Yale - Economic Growth Center.
    3. Guisan, M.Carmen & Cancelo, M.Teresa, 2001. "Economic Development in OECD Countries during the 20th Century," Economic Development 49, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
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    Citations

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    Cited by:

    1. VAZQUEZ-ROZAS, Emilia & GOMES, Sofia & VIEIRA, Elvira, 2010. "Entrepreneurship And Economic Growth In Spanish And Portuguese Regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    2. GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Education, Gender Equality, Social Well-Being And Economic Development In American Countries, 2000-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
    3. repec:eaa:aeinde:v:18:y:2018:i:2_4 is not listed on IDEAS
    4. POPKOVA, Elena, 2014. "New Prospects Of Economic Growth In Context Of Underdevelopment Whirlpools Phenomena," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 5-20.
    5. KAMGNIA, Dia B., 2009. "Growth Intensity Of Employment In Africa: A Panel Data Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
    6. Yasemin OZERKEK, 2014. "The Effect of Labor Composition Index on Economic Development: Analysis of 18 countries for the period 1990-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(2).
    7. GUISAN, Maria-Carmen, 2017. "Manufacturing And Development In Countries And Areas Of Africa, 2000-2010," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 17(2), pages 137-148.
    8. Marta Portela & Isabel Neira, 2011. "Social Capital and growth in the European Regions," ERSA conference papers ersa10p1160, European Regional Science Association.
    9. Natalia SKITER & Valeri SEMENYCHEV & T.N. LITVINOVA, 2015. "Model Of Economic Growth In Russia Under Conditions Of Integration Into The World Economy," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 63-70.
    10. Guisan, M.C., 2009. "Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    11. GUISAN, Maria-Carmen, 2015. "Selected Readings On Econometrics Methodology, 2001-2010: Causality, Measure Of Variables, Dynamic Models And Economic Approaches To Growth And Development," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(2), pages 213-220.
    12. Emilia Vázquez & Sofia Gomes & Elvira Vieira, 2011. "Entrepreneurship and Economic Growth in Spanish and Portuguese Regions," ERSA conference papers ersa10p1537, European Regional Science Association.

    More about this item

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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