Looking for the right human capital proxy

Rudolf Kubík

doi:10.2478/v10135-009-0009-0

Abstract

This paper aims to test different approaches of human capital stock approximation. It faces one of the main questions in explaining link between human capital and economic growth. It tries to step forward in answering what is the best proxy of human capital. It starts from Barro & Lee and Cohen & Soto datasets which are expanded by Mincerian approach to human capital measurement and educational structure of population as a human capital proxy. The original dataset covering 73 countries within 1960-1990 is being re-tested and results from panel data regression analyses are compared with expanded dataset.

References

AARONSON, D., SULLIVAN, D. (2001). Growth in Worker Quality, Economic Perspectives. Federal Reserve Bank of Chicago: Chicago
Search in Google Scholar
AGHION, P., HOWITT, P. (1998). Endogenous growth theory. Boston: MIT.
Search in Google Scholar
ARNOLD, J., BASSANINI, A., SCARPETTA, S. (2007). Solow or Lucas? Testing growth models using panel data from OECD countries. OECD Economic department, OECD economic studies. WP 59210.2139/ssrn.1095213
Search in Google Scholar
BARRO, R., SALA-I-MARTIN, X. (2004). Economic Growth. Boston: MIT.
Search in Google Scholar
BARRO, R., LEE, J.W. (2000). International data on educational attainment: Updates and implications. Center for international development at Harvard University: Harvard Working paper 42, 2000.
Search in Google Scholar
BENHABIB, J., SPIEGEL, M.M. (1994). The Role of Human Capital in Economic Development: Evidence from Aggregate Cross-country Data. Journal of Monetary Economics. 34(2), Pp. 143-173.10.1016/0304-3932(94)90047-7
Search in Google Scholar
BILS, M., KLENOW, P. (2000). Does schooling cause growth? American economic review. 90(5). Pp. 1160-83.
Search in Google Scholar
COHEN, D., SOTO, M. (2007). Growth and human capital: Good data, good results. Journal of economic growth. 12(1). Pp. 51-76.10.1007/s10887-007-9011-5
Search in Google Scholar
DE LA FUENTE, A. (2003). Human capital in a global and knowledge-based economy part II.: assessment at the EU country level. Final report. CSIC.
Search in Google Scholar
DE LA FUENTE, A., DOMENECH, R. (2006). Human Capital in Growth Regression: How Much Difference Does Quality Data Make? Journal of the European Economic Association, 4(1). Pp. 1-36.10.1162/jeea.2006.4.1.1
Search in Google Scholar
DENISON, E.F. (1962). The sources of economic growth in the United States and the alternatives before Us, New York.
Search in Google Scholar
ECB. (2006). Growth in euro area labor quality. Working paper no. 575/2006. Frankfurt: ECB.
Search in Google Scholar
HANUSHEK, E., KIMKO, D., (2000). Schooling, labor force quality, and the growth of nations. The American Economic Review 90(5), 1184-1208.10.1257/aer.90.5.1184
Search in Google Scholar
HO, M., JORGENSON, D. (1999). The quality of the U.S. Workforce - 1948-1998. Harvard University.
Search in Google Scholar
JORGENSON, D. GRILICHES, Z. (1968). The Explanation of Productivity Change. Review of Economic Studies 34, pp. 249-280.10.2307/2296675
Search in Google Scholar
KRUGER, A., LINDHAL, M. (2001). Education for growth: Why and for whom? Journal for economic literature. Vol. 39(4). Pp. 1101-36.10.1257/jel.39.4.1101
Search in Google Scholar
LOENING, J. L. (1996). Effects of primary, secondary and tertiary education on economic growth - Evidence from Guatemala. World Bank. Working paper no. 3610/1996.
Search in Google Scholar
MINCER, J. (1974). Schooling, Earnings, and Experience. Columbia U. Press.: New York.
Search in Google Scholar
PRICHETT, L. (2001). Where has all the education gone? World bank economic review. 15(3). Pp. 367-391.
Search in Google Scholar
HESTON, A., SUMMERS, R., ATEN, B. (2006), Penn World Table Version 6.2, Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania.
Search in Google Scholar
SODERBOM, M. (2001). Trade and human capital as determinants of growth. University of Oxford, Working paper 10/2001.
Search in Google Scholar
SOTO, M. (2002). Rediscovering education in growth regressions. OECD: Paris.
Search in Google Scholar
SOTO, M. (2008). The casual effect of education on aggregate income. OECD: Barcelona.
Search in Google Scholar
TANG, T. MacLEOD, C. (2006). Labor force ageing and productivity performance in Canada. Canadian journal of economics. Vol. 39, No. 2, 5/2006.10.1111/j.0008-4085.2006.00361.x
Search in Google Scholar

Looking for the right human capital proxy

Abstract

Paradigm

My account