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Human Capital and Economic Growth$
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Andreas Savvides and Thanasis Stengos

Print publication date: 2008

Print ISBN-13: 9780804755405

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804755405.001.0001

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Empirical Studies on Human Capital and Economic Growth

Empirical Studies on Human Capital and Economic Growth

(p.107) 6 Empirical Studies on Human Capital and Economic Growth
Human Capital and Economic Growth
Stanford University Press

This chapter examines empirical studies on the link between human capital and economic growth. It focuses on studies that use statistical data from a cross section of countries and employ econometric estimation techniques. The empirical literature on the human capital-growth nexus is differentiated by the specification of the estimating equation, the way human capital is defined, the time frame considered, and the countries included in the sample. This chapter discusses the estimates obtained from the parametric framework that characterize the linear approach. The third section examines cross-country growth regressions and human capital. The fourth section looks at cross-country growth accounting. The fifth section explores additional considerations on human capital and economic growth. The sixth section reviews threshold effects from an empirical perspective.

Keywords:   econometric estimation, linear estimation, cross-country growth regressions, threshold effects

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