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Quality-adjusted Human Capital and Productivity Growth

Author

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  • Md. Rabiul Islam

Abstract

Both the quality and quantity of human capital are important for growth. Although the quality aspects of human capital may have greater potential in explaining growth, given that the quantity effects of human capital have been found to be ambiguous, they have long been ignored in empirical growth literature. This paper empirically tests the joint effects of both the quantity and quality of human capital in stimulating productivity growth for a panel of 89 countries over the period 1970-2007. Based on different measures of human capital quantity and quality, the results show that the growth effects of educational attainment can be significantly enhanced when the quality of schooling is improved. The joint effect of human capital quality and quantity is found to be stronger in developing countries.

Suggested Citation

  • Md. Rabiul Islam, 2010. "Quality-adjusted Human Capital and Productivity Growth," Monash Economics Working Papers 48-10, Monash University, Department of Economics.
    • Handle: RePEc:mos:moswps:2010-48
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    File URL: http://www.buseco.monash.edu.au/eco/research/papers/2010/4810qualityislam.pdf
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    References listed on IDEAS

    as
    1. Ana Hidalgo & Amparo Castelló-Climent, 2010. "Quality and Quantity of Education in the Process of Development," 2010 Meeting Papers 238, Society for Economic Dynamics.
    2. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. "Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-389, September.
    3. Sala-i-Martin, Xavier, 1997. "I Just Ran Two Million Regressions," American Economic Review, American Economic Association, vol. 87(2), pages 178-183, May.
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    Cited by:

    1. Jules-Daniel Wurlod & Derek Eaton, 2015. "Chasing After the Frontier in Agricultural Productivity," FOODSECURE Working papers 36, LEI Wageningen UR.
    2. Kumar, Naveen & Maiti, Dibyendu, 2024. "Long-run macroeconomic impact of climate change on total factor productivity — Evidence from emerging economies," Structural Change and Economic Dynamics, Elsevier, vol. 68(C), pages 204-223.
    3. Hüseyin Taştan & Selin Erdoğan, 2018. "Cognitive skills and economic performance: evidence from the recent international student assessment tests," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(3), pages 417-449, December.

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    Keywords

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    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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