The level and growth effects of human capital in India

B. Rao and Krishna Chaitanya Vadlamannati

Applied Economics Letters, 2011, vol. 18, issue 1, 59-62

Abstract: In the extended Solow growth model of Mankiw et al. (1992), human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth-improving variable. Human capital may have both a permanent level and a permanent growth effect, we show how both can be estimated with an extension to the Solow model.

Date: 2011
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DOI: 10.1080/13504850903427146

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