Crescimento econômico e acumulação de capital humano: uma análise sobre a relação de causalidade

Alexandre Batista Ferreira (), Luciano Nakabashi and Marcello da Cunha Santos ()

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The accumulation of human capital plays a crucial role in growth theories and it is incorporated in the growth models in a very simplified way. Therefore it does not take into account the economic development process complexity. They consider that the amount of human capital is an important input in the technological change process, but a country's technology level is also important in the human capital accumulation process. Consequently the two variables are determined endogenously in a simultaneous equation system. In this work we propose an analysis of the human capital and technological changes in a simultaneous equation system by means of a cross-section analysis within a range of countries.

Keywords: economic growth; human capital; simultaneous equation system (search for similar items in EconPapers)
JEL-codes: C31 O11 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2003-10
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