An extension to the neoclassical growth model to estimate growth effects

B. Rao and Fozia Nisha

Applied Economics Letters, 2009, vol. 16, issue 18, 1837-1841

Abstract: The neoclassical growth model was extended by Mankiw et al. (1992) to estimate the level-effects of human capital. We suggest a further extension to capture their permanent growth-effects. Time-series data from Fiji are used to show that the growth-effects of human capital, although small, are significant and specifications with growth-effects perform better.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:16:y:2009:i:18:p:1837-1841

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DOI: 10.1080/13504850701675557

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