Human capital and innovation: evidence from panel cointegration tests

Renato Silveira Joiozo and Vladimir Teles ()

No 245, Textos para discussão from FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil)

Abstract: Panel cointegration techniques applied to pooled data for 27 economies for the period 1960-2000 indicate that: i) government spending in education and innovation indicators are cointegrated; ii) education hierarchy is relevant when explaining innovation; and iii) the relation between education and innovation can be obtained after an accommodation of a level structural break.

Date: 2010-02-22
New Economics Papers: this item is included in nep-edu, nep-hrm, nep-ino, nep-knm and nep-lab
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Journal Article: Human capital and innovation: evidence from panel cointegration tests (2011)
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