Human capital formation and economic growth across the world: a panel data econometric approach
| Autor: | Víctor Manuel Cuevas Ahumada, Cuauhtémoc Calderón Villarreal |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Dynamic panel data models
desarrollo institucional Institutional development total factor productivity HT101-395 Omitted-variable bias crecimiento económico Cities. Urban geography Estudios Territoriales institutional development economic growth Human capital formación de capital humano productividad total de los factores human capital formation Urban groups. The city. Urban sociology Physical capital Econometrics Economics GF125 modelos dinámicos de datos en panel Total factor productivity Panel data |
| Zdroj: | Universidad Autónoma Metropolitana UAM Redalyc-UAM Economía, Sociedad y Territorio (México) Num.62 Vol.XX Economía, Sociedad y Territorio, Vol 20, Iss 62, Pp 25-54 (2020) |
| ISSN: | 2448-6183 1405-8421 |
| DOI: | 10.22136/est20201466 |
| Popis: | This paper estimates 12 dynamic panel data models to assess the impact of human capital formation and other key variables on the economic growth of 52 countries over a 13-year period. Several methodological and empirical contributions are made to assemble country groups, lower measurement errors and reduce the omitted variable bias while keeping the models parsimonious. Among other things, the evidence indicates that the responsiveness of economic growth to physical capital accumulation, institutional development, human capital formation, and total factor productivity varies across country groups to a certain extent. The policy implications of these findings are relevant on several grounds. |
| Databáze: | OpenAIRE |
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