The level and growth effects in the empirics of economic growth: some results with data from Guatemala

被引：2

作者：

Rao, B. Bhaskara ^{[1
,2
]}

Gounder, Rukmini ^{[3
]}

Loening, Josef L. ^{[4
,5
]}

机构：

[1] Univ S Pacific, Dept Econ, Suva, Fiji

[2] Univ Western Sydney, Sch Econ & Finance, Penrith, NSW 1797, Australia

[3] Massey Univ, Dept Appl & Int Econ, Palmerston North, New Zealand

[4] World Bank, Washington, DC 20433 USA

[5] Univ Gottingen, Gottingen, Germany

来源：

APPLIED ECONOMICS | 2010年 / 42卷 / 16期

关键词：

ENDOGENOUS GROWTH; MODEL;

D O I：

10.1080/00036840701749068

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Mankiw et al. (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This article suggests an empirical procedure to further extend the neoclassical growth model to distinguish between the growth and level effects of shift variables like the human capital. We use time-series data from Guatemala to show that while the growth effects of education are small, they are significant and dominate the level effects.

引用

页码：2099 / 2109

页数：11

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