The Role of Average Years of Schooling on Economic Growth (Barro and Lee Approach to Measuring Human Capital)
Author(s):
Abstract:
Nonlinear relationship between education and e The main objective of this study is to investigate the role of human capital on economic growth in different economies. For this purpose، we consider a model in which the growth rate of total factor productivity (GRTFP) depends on human capital stock levels، and human capital affects GRTFP through innovation and technology adoption from abroad. Using a cross-country panel approach for 104 countries، including 79 developing countries and 25 OECD countries، in five-year intervals during the 1980-2005، we found the relationship between human capital and economic growth is nonlinear. In addition، the development of domestic technology is more effective factor on economic growth in developing countries than catch-up factor، while human capital accumulation through technology adoption from abroad is more effective factor on economic growth in developed countries. conomic growth (Barro and Lee''s approach in measuring human capital) The goal of this study was to investigate the role of human capital on economic growth in different economies. For this purpose، we examine the relation between growth rate and human capital by econometric models. In this paper، using the panel approach to Iran and 103 other countries، and considering the five-year moving average during 2005-1980. we realized that the relationship between levels of human capital and economic growth is nonlinear and development of domestic technology، operating more important role in economic growth in developing countries. The main result of this paper denote that there are different between growth pattern among developed and developing countries.
Keywords:
Human capital , growth , Barro , Lee
Language:
Persian
Published:
The Economic Reseach, Volume:14 Issue: 3, 2014
Pages:
23 to 44
magiran.com/p1309368
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یکساله به مبلغ 1,390,000ريال میتوانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.
In order to view content subscription is required
Personal subscription
Subscribe magiran.com for 70 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!