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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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    References listed on IDEAS

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    1. 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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    3. Dreze, Jean & Murthi, Mamta, 2000. "Fertility, education and development: further evidence from India," LSE Research Online Documents on Economics 6663, London School of Economics and Political Science, LSE Library.
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    6. Sharma, K., 2000. "Export Growth in India: Has FDI Played a Role?," Papers 816, Yale - Economic Growth Center.
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    1. 46. CO2 Total Emissions in the World 1970-2015 by geeographical areas
      by MCG Blogs de Economía in Euro-American Association: World Development on 2021-05-07 11:43:00

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    Cited by:

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    4. 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).
    5. 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).
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    7. 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).
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    9. GUISAN, Maria-Carmen & AGUAYO, Eva & EXPOSITO, Pilar, 2014. "Econometric Model Of Manufacturing, Investment And Development In 30 Countries Of Asia-Pacific," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(2).
    10. Zhang W.B., 2015. "Birth And Mortality Rates, Gender Division Of Labor, And Time Distribution In The Solow Growth Model," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 24(1), pages 121-134.
    11. GUISAN, Maria-Carmen, 2017. "Manufacturing And Economic Development In The World For 2000-2015: Main Features And Challenges," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 26(3), pages 73-88.
    12. GUISAN, Maria-Carmen & EXPOSITO, Pilar, 2021. "Industry, Education, Development And Quality Of Life In African Countries, 1995-2020," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 21(2), pages 53-76.
    13. 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).
    14. 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.
    15. Neira, I. & Portela, M. & Vieira, E., 2010. "Social Capital and growth in European regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    16. Guzev, ?.?. & Ledeneva, ?.V. & Plaksunova, ?.?, 2018. "Main Tendencies In The Development Of Human Capital In The Russian Federation, 2011-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(2), pages 55-72.
    17. GUISAN, Maria-Carmen, 2014. "World Development, 2000-2010: Production, Investment And Savings In 21 Areas Of America, Africa, Asia-Pacific, Europe And Eurasia," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(2).
    18. GUISAN, Maria-Carmen & AGUAYO, Eva, 2011. "Women Participation, Quality Of Government And Economic Development In Europe, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(1).
    19. 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.
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    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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