Quality-adjusted Human Capital and Productivity Growth
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.
|Date of creation:||May 2010|
|Contact details of provider:|| Postal: Department of Economics, Monash University, Victoria 3800, Australia|
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- Hidalgo-Cabrillana, Ana & Castelló-Climent, Amparo, 2010.
"Quality and quantity of education in the process of development,"
UC3M Working papers. Economics
we1020, Universidad Carlos III de Madrid. Departamento de Economía.
- Ana Hidalgo & Amparo Castelló-Climent, 2010. "Quality and Quantity of Education in the Process of Development," 2010 Meeting Papers 238, Society for Economic Dynamics.
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- Francesco Caselli & Gerardo Esquivel & Fernando Lefort, 1997. "Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Working Papers Central Bank of Chile 03, Central Bank of Chile.