인적자본이 OECD가입국들의 경제성장에 미치는 영향

자료 다운로드 : human_capital.pdf

http://www.oecd.org
http://www.oecd.org/eco/wp/onlinewp.htm#2001
이자료는 oecd working paper 에서 가지고 온 자료입니다. 많은 도움이 되었으면 좋겠습니다.

ABSTRACT/
This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries over the period 1971-98. It uses an improved dataset on human capital and a novel econometric technique that reconciles growth model assumptions with the needs of panel data gressions. Unlike several previous studies, our results point to a positive and significant impact of human capital accumulation to output per capita growth. The estimated long-run effect on output of one additional year of education (about 6 per cent) is also consistent with microeconomic evidence on the private returns to schooling. We also found a significant growth effect from the accumulation of physical capital and a speed of convergence to the steady state of around 15 per cent per year. Taken together these results are not consistent with the human capital augmented version of the Solow model, but rather they support an endogenous growth model à la Uzawa-Lucas, with constant returns to scale to “broad” (human and physical) capital.
JEL classification: O11, O15, O41
Keywords: growth, human capital, panel data