Imported Equipment, Human Capital and Economic Growth in Developing Countries

Uwe Dulleck and Neil Foster-McGregor

No 16, NCER Working Paper Series from National Centre for Econometric Research

Abstract: De Long and Summers (1991) began a literature examining the impact of equipment investment on growth. In this paper we examine such a relationship for developing countries by considering imports of equipment from advanced countries as our measure of equipment investment for a sample of 55 developing countries. We examine whether the level of human capital in a country affects its ability to benefit from such investment. We find a complex interrelationship between imported equipment and human capital. Generally, the relationship between imported equipment and growth is lowest, and often negative, for countries with low levels of human capital, highest for countries within an intermediate range and somewhat in between for countries with the highest level of human capital.

Keywords: Capital Goods Imports; Human Capital; Developing Countries; Technology Diffusion (search for similar items in EconPapers)
JEL-codes: F43 O15 O40 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2007-05-25
New Economics Papers: this item is included in nep-dev and nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Imported Equipment, Human Capital and Economic Growth in Developing Countries (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:qut:auncer:2007-91

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