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Human Capital and Economic Growth: Evidence from Developing Countries

Hrishikesh Vinod and Surendra K. Kaushik

The American Economist, 2007, vol. 51, issue 1, 29-39

Abstract: Human capital in the form of education has been used to explain GDP growth in augmented Solow models. A statistically significant coefficient for human capital variable in these models was recently reported for OECD countries using recent data. We use time series and panel regressions for data on a group of eighteen large developing countries for the period 1982–2001. This study confirms and extends results by OECD and other similar studies. Since most of our models have a significant human capital regressor in such a study of developing countries, results in this paper are important for policy regarding expanded educational opportunities, increased emphasis, and focus on education and technology in developing countries.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:51:y:2007:i:1:p:29-39

DOI: 10.1177/056943450705100103

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