publication . Article . Other literature type . Book . 2006

Economic development and the return to human capital: a smooth coefficient semiparametric approach

Mamuneas, Theofanis P.; Savvides, Andreas; Stengos, Thanasis; Mamuneas, Theofanis P.; Savvides, Andreas; Stengos, Thanasis;
Open Access
  • Published: 01 Jan 2006
  • Country: Cyprus
Abstract
This paper investigates the impact of human capital on the process of economic growth by allowing the contribution of traditional inputs (capital and labour) as well as that of human capital to vary both across countries and time. The former is accomplished by constructing an index of TFP growth for traditional inputs, while the latter through semiparametric methods. We derive estimates of the output elasticity and social return to human capital for 51 countries at various stages of economic development. Copyright © 2005 John Wiley & Sons, Ltd. 21 111 132 111-132
Subjects
free text keywords: Economics and Econometrics, Social Sciences (miscellaneous), Capital deepening, Physical capital, Capital accumulation, Capital intensity, Econometrics, Economics, Fixed capital, Human capital, Total factor productivity, Capital good
Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue
publication . Article . Other literature type . Book . 2006

Economic development and the return to human capital: a smooth coefficient semiparametric approach

Mamuneas, Theofanis P.; Savvides, Andreas; Stengos, Thanasis; Mamuneas, Theofanis P.; Savvides, Andreas; Stengos, Thanasis;