The Cumulative Effect of Human Capital on Economic Growth: Using Panel Data Method

Zahra Sheidaei and Mohammad Shahiki Tash

Romanian Economic Journal, 2014, vol. 17, issue 52, 95-115

Abstract: This article studies the controversial relationship between human capital and growth through different channels using a cross-country panel approach applied for 104 countries, including 79 developing countries and 25 developed countries (OECD) during 1980-2011. The analysis yields important insights into the relationship between human capital and growth. Firstly, we find a significant relationship between high levels of human capital and technology adoption Secondly, considering the levels of human capital directly as a innovation component in the productivity function shows that there is a non-linear relationship between this factor and growth. The results provide a new understanding of this relationship and to some extent contradict some earlier studies.

Keywords: Human Capital; economic growth; Panel approach (search for similar items in EconPapers)
JEL-codes: O1 O2 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:17:y:2014:i:52:p:95-115

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