Article

The role of human capital in economic development Evidence from aggregate cross-country data

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Using cross-country estimates of physical and human capital stocks, we run the growth accounting regressions implied by a CobbPDouglas aggregate production function. Our results indicate that human capital enters insignificantly in explaining per capita growth rates. We next specify an alternative model in which the growth rate of total factor productivity depends on a nation’s human capital stock level. Tests of this specification do indicate a positive role for human capital.

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Ketersediaan

Informasi Detail

Judul Seri

Journal of Monetary Economics

No. Panggil

ATC MG BEN t c.1

Penerbit

New York : Elsevier.,

Deskripsi Fisik

31 p.

Bahasa

English

ISBN/ISSN

0304-3932;9

Klasifikasi

MG

Tipe Isi

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Tipe Media

-

Tipe Pembawa

online resource

Edisi

-

Subjek

Human Capital
Growth;

Info Detail Spesifik

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Pernyataan Tanggungjawab

Jess Benhabib

Versi lain/terkait

Lampiran Berkas

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