Economic development and the return to human capital: a smooth coefficient semiparametric approach

Andreas Savvides (), Theofanis Mamuneas () and Thanasis Stengos

Journal of Applied Econometrics, 2006, vol. 21, issue 1, 111-132

Abstract: This paper investigates the impact of human capital on the process of economic growth by allowing the contribution of traditional inputs (capital and labour) as well as that of human capital to vary both across countries and time. The former is accomplished by constructing an index of TFP growth for traditional inputs, while the latter through semiparametric methods. We derive estimates of the output elasticity and social return to human capital for 51 countries at various stages of economic development. Copyright © 2005 John Wiley & Sons, Ltd.

Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (79)

Downloads: (external link)
http://hdl.handle.net/10.1002/jae.813 Link to full text; subscription required (text/html)
http://qed.econ.queensu.ca:80/jae/2006-v21.1/ Supporting data files and programs (text/html)

Related works:
Journal Article: Economic development and the return to human capital: a smooth coefficient semiparametric approach (2006)
Working Paper: Economic Development and the Return to Human Capital: A Smooth Coefficient Semiparametric Approach (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jae:japmet:v:21:y:2006:i:1:p:111-132

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

DOI: 10.1002/jae.813

Access Statistics for this article

Journal of Applied Econometrics is currently edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().