Abstract
The empirical evidence of the link from human capital to growth has at times seemed elusive. Yet recent work suggests that the effect of schooling on the level of output can be quite substantial — Bassanini and Scarpetta (2001) estimate approximately 6 per cent for each additional year of schooling. Other work has explored whether there is an association between output growth and the mean stock of human capital per worker. This direction of work finds a robust link from years of schooling to total factor productivity (TFP) growth (see Benhabib and Spiegel, 1994; Dowrick, 2002). In other words, a more educated labor force can use ideas more productively.
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References
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Bassanini, A. and S. Scarpetta (2001) ‘The drivers of growth in the OECD countries: empirical analysis on panel data’, OECD Economic Review, 33 (11).
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Commander, S. and J. Kollo (2007) ‘The changing demand for skills: evidence from the transition’, Economics of Transition, forthcoming.
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© 2007 Simon Commander
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Commander, S. (2007). Skills and the Transition. In: Estrin, S., Kolodko, G.W., Uvalic, M. (eds) Transition and Beyond. Studies in Economic Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9780230590328_6
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DOI: https://doi.org/10.1057/9780230590328_6
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