Measures of human capital and the mechanics of economic growth

被引：33
|
作者：
Zhang, Xiaobei [1 ]
Wang, Xiaojun [2 ,3 ]
机构：
[1] Zhejiang Univ Finance & Econ, Sch Publ Adm, Hangzhou, Zhejiang, Peoples R China
[2] Univ Hawaii, Dept Econ, Honolulu, HI 96822 USA
[3] Hunan Univ, Ctr Econ Finance & Management Studies CEFMS, Changsha, Peoples R China
来源：
CHINA ECONOMIC REVIEW | 2021年 / 68卷
关键词：
Human capital; Economic convergence; Regional economic development; PANEL-DATA; REGIONAL CONVERGENCE; DYNAMIC PANELS; CHINA; NONLINEARITIES; EDUCATION; PRODUCTIVITY; INVESTMENT; TECHNOLOGY; PARAMETER;
D O I：
10.1016/j.chieco.2021.101641
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We examine the mechanism by which human capital affects economic growth and convergence, using provincial level panel data from China. We specify alternative measures of human capital and apply them to an enhanced growth model, which we estimate parametrically, nonparametrically, and with a threshold model. Our results show that economic convergence is pronouncedly conditional on human capital across all measures. The positive "benefit of being backward" due to lower initial income is almost trumped by the negative impact of low levels of human capital in the poorest areas.
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页数：18
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