Theoretical models of human capital and signaling: a study for Mexico

Antonio Kido Cruz () and María Teresa Kido Cruz
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Antonio Kido Cruz: Universidad Michoacana de San Nicolás de Hidalgo
María Teresa Kido Cruz: Universidad del Papaloapan

Contaduría y Administración, 2015, vol. 60, issue 4, 723–734

Abstract: The most common reference framework which assigns a prominent role to education for strengthening welfare and economic growth is represented by the human capital model. However, the theoretical approach of signaling implies that a process of greater support for education may have its limitations when it comes to generating impacts on macroeconomic growth. The aim of this study was to investigate if the empirical evidence available in Mexico on levels of schooling and returns to education responds to a human capital model or a model of signaling. A macroeconomic and a microeconomic model error correction were used. The results show that for the case of Mexico available information favors a model of human capital.

Keywords: Human capital; Signalization; Economic growth (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:60:y:2015:i:4:p:723-734

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