Unlike previous panel-data studies, using an improved dataset and PMG estimators, we find a significant impact of human capital on growth. The estimated long-run elasticity of output to human capital is consistent with the microeconomic evidence on returns to schooling.
Does human capital matter for growth in OECD countries? A pooled mean-group approach
Scarpetta S
2002-01-01
Abstract
Unlike previous panel-data studies, using an improved dataset and PMG estimators, we find a significant impact of human capital on growth. The estimated long-run elasticity of output to human capital is consistent with the microeconomic evidence on returns to schooling.File in questo prodotto:
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