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Measuring aggregate human capital in Portugal. An update up to 2001

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  • Aurora A. C. Teixeira

    (CEMPRE, Faculdade de Economia da Universidade do Porto)

Abstract

Recent studies conclude that human capital should be a high priority because it is a key growth input, particularly in an increasingly knowledge based economy and an important lever of social cohesion policy. However, existing studies focusing on cross-country growth performance have produced opposing results. Several researchers argue that these conflicting results derived from poor quality data used in some of those studies. They further acknowledge that main reason for the use of poor proxies of the stock of human capital is that in most empirical growth studies, the choice of the human capital proxy is hardly reflected upon and depends very much on data availability. This paper updates Teixeira’s (1998) estimation of the stock of human capital for the Portuguese economy up to 2001 providing an improved proxy for human capital stock based on education attainment. This work might potentially facilitate further empirical works on the relation between human capital and long-term economic growth.

Suggested Citation

  • Aurora A. C. Teixeira, 2004. "Measuring aggregate human capital in Portugal. An update up to 2001," FEP Working Papers 152, Universidade do Porto, Faculdade de Economia do Porto.
  • Handle: RePEc:por:fepwps:152
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    File URL: http://www.fep.up.pt/investigacao/workingpapers/04.08.12_WP152_Aurora.pdf
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    References listed on IDEAS

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    Cited by:

    1. Péter Földvári & Bas van Leeuwen, 2014. "Educational and income inequality in Europe, ca. 1870–2000," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 8(3), pages 271-300, September.
    2. Aurora A.C. Teixeira & Natércia Fortuna, 2006. "Human capital, trade and long-run productivity. Testing the technological absorption hypothesis for the Portuguese economy, 1960-2001," FEP Working Papers 226, Universidade do Porto, Faculdade de Economia do Porto.
    3. Amavilah, Voxi Heinrich, 2014. "Human Knowledge and a Commonsensical Measure of Human Capital: A Proposal," MPRA Paper 57670, University Library of Munich, Germany.

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    More about this item

    Keywords

    human capital; education; measurement; economic growth;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I20 - Health, Education, and Welfare - - Education - - - General
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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