Human Capital Composition and Economic Growth

The objective of this paper is to analyze the effect of various compositions of human capital on economic growth. We construct alternative measures of human capital composition using five fields of study. In each instance, the measure represents the number of graduates in the respective field as a p...

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Veröffentlicht in:Social indicators research 2010-10, Vol.99 (1), p.41-59
Hauptverfasser: Tsai, Chun-Li, Hung, Ming-Cheng, Harriott, Kevin
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Harriott, Kevin
description The objective of this paper is to analyze the effect of various compositions of human capital on economic growth. We construct alternative measures of human capital composition using five fields of study. In each instance, the measure represents the number of graduates in the respective field as a percentage of all graduates. The measures are as follows: agriculture human capital (AGR); high-tech human capital (TECH); business and service human capital (SERVICE); the humanities human capital (HUMAN); and health and welfare human capital (HEALTH). This paper uses the OLS and System-Generalized Method of Moments (GMM) models to explain differential rates of growth among developed and developing countries. The evidence indicates the significant effects of education and high-tech human capital on growth.
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Kevin</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><ericid>EJ896776</ericid><atitle>Human Capital Composition and Economic Growth</atitle><jtitle>Social indicators research</jtitle><stitle>Soc Indic Res</stitle><date>2010-10-01</date><risdate>2010</risdate><volume>99</volume><issue>1</issue><spage>41</spage><epage>59</epage><pages>41-59</pages><issn>0303-8300</issn><eissn>1573-0921</eissn><coden>SINRDZ</coden><abstract>The objective of this paper is to analyze the effect of various compositions of human capital on economic growth. We construct alternative measures of human capital composition using five fields of study. In each instance, the measure represents the number of graduates in the respective field as a percentage of all graduates. The measures are as follows: agriculture human capital (AGR); high-tech human capital (TECH); business and service human capital (SERVICE); the humanities human capital (HUMAN); and health and welfare human capital (HEALTH). This paper uses the OLS and System-Generalized Method of Moments (GMM) models to explain differential rates of growth among developed and developing countries. The evidence indicates the significant effects of education and high-tech human capital on growth.</abstract><cop>Dordrecht</cop><pub>Dordrecht : Springer Netherlands</pub><doi>10.1007/s11205-009-9565-z</doi><tpages>19</tpages></addata></record>
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subjects Agricultural Occupations
Agriculture
Business Education
Colleges & universities
Computer science
Cultural organizations
Developed countries
Developed Nations
Developing Countries
Developing Nations
Development sociology
Econometrics
Economic Development
Economic growth
Economic growth models
Economic growth rate
Economic Progress
Economic theory
Economics
Education
Engineering
Enrollment Rate
GDP
Generalized method of moments
Graduates
Gross Domestic Product
Growth models
Growth rate
Growth rates
Health Care Services
Health Education
Higher education
History, theory and methodology
Human Capital
Human capital compositions
Human Geography
Human Services
Humanities
Labor economics
LDCs
Least squares method
Long run economic growth
Mathematics
Measurement
Measurement Techniques
Methodology
Microeconomics
Per capita
Public Health
Quality of Life Research
Secondary education
Social research
Social Sciences
Sociology
Sociology of economy and development
Studies
Technology Education
Variables
title Human Capital Composition and Economic Growth
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