The Contribution of Human capital and Technology to European Economic Growth: An empirical exploration from a panel data

Marek Radvansky, Marek Radvansky and Menbere Workie Tiruneh
Authors registered in the RePEc Author Service: Marek Radvansky

No 3264, EcoMod2011 from EcoMod

Abstract: This paper empirically investigates the extent to which investments in human capital and information technology may have contributed to the growth dynamics of the European Union member states over the last decades. In order to measure the contribution of human capital and economic growth to European growth dynamics, we will apply a panel data as it helps us to incorporate both country specific and time specific shocks, hence minimizing biasdness resulting from missing variable and endogeneity problems, among other things. This is particularly significant given the fact that human capital affects growth with time lag.We expect both human capital and information technology to play a significant role to the growth rate of the European Union. However, the coefficients may not be statistically significant for Central and Easter European countries given the limitation of longer time series for some economic variables that include information technology.

Keywords: the countries under investigation are European Union member states that encompass Central and Eastern European countries that joined the European Union in 2004 and later. In order to account for the structural differences between “old” EU members and “new” members; we will run regressions for all countries and each group separately.; Labor market issues; Macroeconometric modeling (search for similar items in EconPapers)
Date: 2011-07-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ekd:002625:3264

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