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Human Capital Accumulation And Economic Growth

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  • M Jess Freire-Ser?

Abstract

This paper examines how human capital affects growth, considering the reverse impact or causation of growth on human capital accumulation. To analyze this simultaneity, we estimate the dynamic system that describes the behavior of the economy. We obtain the parameters of the aggregate production function and those characterizing the process of human capital accumulation. The joint estimation of the dynamic equations provides evidence about the level effect of eduaction on economic growth. When we do not consider the joint estimation, the outcome changes in the opposite direction. (Copyright: Fundación Empresa Pública)
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  • M Jess Freire-Ser?, "undated". "Human Capital Accumulation And Economic Growth," UFAE and IAE Working Papers 435.99, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  • Handle: RePEc:aub:autbar:435.99
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    Cited by:

    1. Muhammad Fadli Hanafi & Berly Martawardaya & Andi M. Alfian Parewangi, 2014. "The Contribution of Saving and Loan onn Economic Growth, The Case of Indonesia," EcoMod2014 7238, EcoMod.
    2. Fougère, Maxime & Harvey, Simon & Mercenier, Jean & Mérette, Marcel, 2009. "Population ageing, time allocation and human capital: A general equilibrium analysis for Canada," Economic Modelling, Elsevier, vol. 26(1), pages 30-39, January.
    3. Maria Neycheva, 2008. "Public Expenditure for Education and Economic Growth," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 67-81.
    4. SimÛn Sosvilla-Rivero & Javier Alonso Meseguer, "undated". "EstimaciÛn de una funciÛn de producciÛn MRW para la EconomÌa Espanola, 1910-1995," Studies on the Spanish Economy 197, FEDEA.
    5. José Francisco Bellod Redondo, 2011. "La función de producción de Cobb-Douglas y la economía española," Revista de Economía Crítica, Asociación de Economía Crítica, vol. 12, pages 9-38.
    6. Aras, Osman Nuri & Öztürk, Mustafa, 2017. "The Relationship Between Human Capital and MBA Education: The Case of Turkey," MPRA Paper 81843, University Library of Munich, Germany.
    7. Chirwa, Themba G. & Odhiambo, Nicholas M., 2016. "What Drives Long-Run Economic Growth? Empirical Evidence from South Africa," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 69(4), pages 429-456.
    8. Khalafalla Ahmed Mohamed Arabi & Suliman Zakaria Suliman Abdalla, 2013. "The Impact of Human Capital on Economic Growth: Empirical Evidence from Sudan," Research in World Economy, Research in World Economy, Sciedu Press, vol. 4(2), pages 43-53, September.
    9. Simón Sosvilla-Rivero & Javier Alonso Meseguer, 2005. "Estimación de una función de producción MRW para la economía española, 1910-1995," Investigaciones Economicas, Fundación SEPI, vol. 29(3), pages 609-624, September.
    10. Verda Salman & Aliya H. Khan & Madeeha Gohar Qureshi, 2015. "Issues in Statistical Modelling of Human Capital and Economic Growth Nuxus: A Cross Country Analysis," PIDE-Working Papers 2015:126, Pakistan Institute of Development Economics.
    11. Marcella D'Uva & Rita De Siano, 2007. "Human capital and "club convergence" in Italian regions," Economics Bulletin, AccessEcon, vol. 18(1), pages 1-7.
    12. Marinko Škare & Sabina Lacmanovic, 2015. "Human capital and economic growth: a review essay," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(39), pages 735-735, May.

    More about this item

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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