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Human Capital and Economic Growth

其他書名	Cross-Section Evidence for OECD Countries
出版	SSRN, 2012
URL	http://books.google.com.hk/books?id=HfTdzwEACAAJ&hl=&source=gbs_api

註釋This paper explores the applicability of the Nelson-Phelps approach to the modeling of human capital in economic growth for the sample of OECD countries. A case is made for confining the approach to the technology diffusion component and for combining it with the Lucas approach. For such a hybrid model, both the favoured interpretation of the Nelson-Phelps approach, as well as the Lucas approach, are supported by the evidence. The sensitivity of the findings is assessed with regard to the use of alternative human capital data sets, including quality (adjusted) measures, and with regard to data outliers.