 Evaluating the Impacts of Human Capital Stocks and Accumulation on Economic Growth: Some New EvidenceOxford Bulletin of Economics and Statistics, 1996, vol. 58, issue 1, 9-28 Abstract: Various hypotheses have been put forward in recent years concerning the contributions of human capital to economic growth. This paper argues that school enrollment rates by far the most commonly used human capital measure in growth regressions attempting to test these hypotheses--conflate human capital stock and accumulation effects and lead to misinterpretations of the role of labor force growth. An alternative education-related human capital measure is constructed which is capable of distinguishing between stocks and flows. Applying this measure to samples of developed and less developed countries during the 1960-85 period suggests not only that there are important growth effects associated both with 'initial' stacks of, and subsequent growth in, human capital, but also that this new measure out-performs the simple school enrollment rates used in previous analyses. Copyright 1996 by Blackwell Publishing Ltd Date: 1996 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:58:y:1996:i:1:p:9-28 Ordering information: This journal article can be ordered from Access Statistics for this article Oxford Bulletin of Economics and Statistics is currently edited by Christopher Adam, Anindya Banerjee, Christopher Bowdler, David Hendry, Adriaan Kalwij, John Knight and Jonathan Temple More articles in Oxford Bulletin of Economics and Statistics from Department of Economics, University of Oxford Contact information at EDIRC. |
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