Threshold effects of human capital: Schooling and economic growth
Humna Ahsan and
M. Emranul Haque
Economics Letters, 2017, vol. 156, issue C, 48-52
Empirical growth studies have often found average years of schooling to be unrelated with economic growth. This note shows that the significant positive effect of schooling can only be realized after an economy crosses a threshold level of development.
Keywords: Human capital; Schooling; Dynamic threshold model; Panel data analysis; Growth (search for similar items in EconPapers)
JEL-codes: I21 I25 O15 O40 (search for similar items in EconPapers)
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