Measures of human capital and the mechanics of economic growth

Xiaobei Zhang and Xiaojun Wang ()

China Economic Review, 2021, vol. 68, issue C

Abstract: We examine the mechanism by which human capital affects economic growth and convergence, using provincial level panel data from China. We specify alternative measures of human capital and apply them to an enhanced growth model, which we estimate parametrically, nonparametrically, and with a threshold model. Our results show that economic convergence is pronouncedly conditional on human capital across all measures. The positive “benefit of being backward” due to lower initial income is almost trumped by the negative impact of low levels of human capital in the poorest areas.

Keywords: Human capital; Economic convergence; Regional economic development (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:68:y:2021:i:c:s1043951x21000596

DOI: 10.1016/j.chieco.2021.101641

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