Empirical Analysis of the Technological Human Capital, for Exogenous Solow Economic Growth

2020 ◽  
Author(s):  
Kasun D Ramanayake R.A
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Empirical Analysis

scholarly journals Education and economic growth: an empirical analysis of nonlinearities

2019 ◽  
Vol 27 (79) ◽  
pp. 21-45
Author(s):  
Laura Marquez-Ramos ◽  
Estefanía Mourelle
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Empirical Analysis ◽  
Tertiary Education ◽  
Regional Analysis ◽  
Oecd Country ◽  
Smooth Transition ◽  
Content Type ◽  
Country Level ◽  
Education And Economic Growth

Purpose Might a country’s economic growth performance differ depending on the evolution of its human capital? This paper aims to consider education as a channel for human capital improvement and then for economic growth. The authors hypothesize the existence of a threshold for education, after which point the characteristics of economic growth change. Design/methodology/approach To address this question, the authors turn from a linear framework to a nonlinear one by applying smooth transition specifications. Findings This empirical analysis for Spain points to the existence of nonlinearities in the relationship between education and economic growth at country level, for both secondary and tertiary education. Next, as different patterns emerge in different regions, the authors provide a regional analysis for a number of representative Spanish regions. The results show that both secondary and tertiary education matter for economic growth and that nonlinearities in this relationship should be taken into account. Practical implications What is learnt from using Smooth Transition Regression models for the education-economic growth link is that the educational level of the population can be understood as a source of nonlinearities in the economic activity of a country (and of a region). Thus, depending on national and regional educational levels, economic growth behaves differently. Originality/value Although the importance of nonlinearities has been identified, linearity is usually assumed in this field of the literature. This paper calls into question the linearity assumption by using time series techniques for 1971-2013 in Spain, an OECD country, and testing whether the results at country level hold for different regions within Spain as a robustness check.

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

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