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2001
- handle: 10670/1.7oeztk
- 0210-1521
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Investigaciones Económicas
Mots-clés
Economía y Finanzas Economic growth empirical evidence simultaneous relation human capital accumulationSujets proches
Human assets Human beings--Economic value Human resourcesCiter ce document
María Jesús Freire-Serén, « Human capital accumulation and economic growth », Investigaciones Económicas, ID : 10670/1.7oeztk
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Résumé
"This paper examines how human capital a¤ects growth, considering the reverseimpact or causation of growth on human capital accumulation. To analyzethis simultaneity, we estimate the dynamic system that describes the behaviorof the economy. We obtain the parameters of the aggregate productionfunction and those characterizing the process of human capital accumulation.The joint estimation of the dynamic equations provides evidence about thelevel e¤ect of education on economic growth. When we do not consider thejoint estimation, the outcome changes in the opposite direction. "