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Uma análise do capital humano sobre o nível de renda dos estados brasileiros: MRW versus Mincer

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  • Ricardo Corrêa Cangussu
  • Márcio A. Salvato

    (Department of Economics, Pontifícia Universidade Católica do Paraná)

  • Luciano Nakabashi

    (Department of Economics, Universidade Federal do Paraná)

Abstract

Human capital, productivity and physical capital are considered the main factors in the economies’ GDP per capita determination. According to the neoclassical approach, human capital accumulation explains about a third of the variation in per capita income across countries. However, there is no consensus on the ways in which human capital influences GDP per capita. The present study’s goal is to compare two production functions functional forms for the Brazilian States: the one developed by SOLOW (1956) and the one developed by MINCER (1974). The marginal return of education also has been estimated and we have analyzed the relevance of human capital on GDP per capita determination through a variety of estimation methods, for the 1980-2002 period. The empirical results rejected the neoclassical specification with human capital in favor of the mincerian’s specification. The estimated marginal return of education is 15% and the empirical findings support the theory that states that human capital is one of the main factors affecting income level.

Suggested Citation

  • Ricardo Corrêa Cangussu & Márcio A. Salvato & Luciano Nakabashi, 2008. "Uma análise do capital humano sobre o nível de renda dos estados brasileiros: MRW versus Mincer," Working Papers 0073, Universidade Federal do Paraná, Department of Economics.
    • Handle: RePEc:fup:wpaper:0073
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    References listed on IDEAS

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    Cited by:

    1. Penna, Christiano Modesto & Linhares, Fabricio Carneiro, 2013. "Há controvérsia entre análises de beta e sigma-convergência no Brasil?," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(1), April.
    2. Daniela Schettini & Carlos Roberto Azzoni, 2018. "Eficiência produtiva e o futuro das disparidades regionais no Brasil [Productive efficiency and the future of regional disparities in Brazil]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 28(2), pages 347-384, May-Augus.
    3. Kezia De Lucas Bondezan & Joilson Dias, 2014. "Crescimento Econômico De Longo Prazo No Brasil: Uma Abordagem Sobre O Da Acumulação De Capital E Das Instituições," Anais do XLI Encontro Nacional de Economia [Proceedings of the 41st Brazilian Economics Meeting] 096, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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    More about this item

    Keywords

    Human Capital; Economic Growth; Mincerian Production Function; Return of Education;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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