| By: |
Luciano Nakabashi (Cedeplar-UFMG);
Lízia de Figueiredo (Cedeplar-UFMG) |
| Abstract: |
The role of human capital on the development process has been recognized as a
crucial element by many researchers. Nevertheless, many empirical results have
showed no correlation between human capital and income per capita level or
between human capital and growth rates. It is argued that the interaction
between the two variables is more complicated than predicted by endogenous
model of growth as the one developed by Lucas-Uzawa. Other problem that is
usually mentioned is the proxy´s lack of quality because it does not take into
account the disparities in the educational system when different nations are
compared. The main goal of this paper is to employ a proxy for human capital
that tries to take into account this characteristic and compare with Mankiw,
Romer and Weil 1992’s results. |
| Keywords: |
Human capital, empirical results, new proxy |
| JEL: |
C21 E10 I20 O11 O41 O50 |
| Date: |
2005–06 |
| URL: |
http://d.repec.org/n?u=RePEc:cdp:texdis:td270&r=edu |