Estimates of the level and growth effects of human capital in India

B. Rao and Krishna Chaitanya Vadlamannati

MPRA Paper from University Library of Munich, Germany

Abstract: In the extended Solow growth model of Mankiw, Romer and Weil (1992) human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth improving variable. Human capital may have both a permanent level and a permanent growth effect. We show, with data from India, that both the level and growth effects of human capital can be estimated with an extension to the Solow model.

Keywords: Solow model; Level and growth effects of human capital and India (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Date: 2009-09-24
New Economics Papers: this item is included in nep-cwa, nep-dev, nep-fdg and nep-hrm
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