The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala

Rao, B. Bhaskara; Gounder, Rukmini; Loening, Josef L.

The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala

Mankiw et al. (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This article suggests an empirical procedure to further extend the neoclassical growth model to distinguish between the growth and level effects of shift variables like the human capital. We use time-series data from Guatemala to show that while the growth effects of education are small, they are significant and dominate the level effects.

Saved in:

Bibliographic Details
Main Authors:	Rao, B. Bhaskara, Gounder, Rukmini, Loening, Josef L.
Format:	Journal Article biblioteca
Language:	EN
Published:	2010
Subjects:	Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital E240, Human Capital, Skills, Occupational Choice, Labor Productivity J240, Economic Development: Human Resources, Human Development, Income Distribution, Migration O150, Measurement of Economic Growth, Aggregate Productivity, Cross-Country Output Convergence O470,
Online Access:	http://hdl.handle.net/10986/4860
Tags:	Add Tag No Tags, Be the first to tag this record!

id	dig-okr-109864860
record_format	koha
spelling	dig-okr-1098648602021-04-23T14:02:20Z The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala Rao, B. Bhaskara Gounder, Rukmini Loening, Josef L. Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Mankiw et al. (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This article suggests an empirical procedure to further extend the neoclassical growth model to distinguish between the growth and level effects of shift variables like the human capital. We use time-series data from Guatemala to show that while the growth effects of education are small, they are significant and dominate the level effects. 2012-03-30T07:30:06Z 2012-03-30T07:30:06Z 2010 Journal Article Applied Economics 00036846 http://hdl.handle.net/10986/4860 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Guatemala
institution	Banco Mundial
collection	DSpace
country	Estados Unidos
countrycode	US
component	Bibliográfico
access	En linea
databasecode	dig-okr
tag	biblioteca
region	America del Norte
libraryname	Biblioteca del Banco Mundial
language	EN
topic	Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470
spellingShingle	Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Rao, B. Bhaskara Gounder, Rukmini Loening, Josef L. The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala
description	Mankiw et al. (1992) have extended the Solow (1956) model by augmenting the production function with human capital. Its empirical success is impressive and it showed a procedure to improve the explanatory power of the neoclassical growth model. This article suggests an empirical procedure to further extend the neoclassical growth model to distinguish between the growth and level effects of shift variables like the human capital. We use time-series data from Guatemala to show that while the growth effects of education are small, they are significant and dominate the level effects.
format	Journal Article
topic_facet	Employment Unemployment Wages Intergenerational Income Distribution Aggregate Human Capital E240 Human Capital Skills Occupational Choice Labor Productivity J240 Economic Development: Human Resources Human Development Income Distribution Migration O150 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470
author	Rao, B. Bhaskara Gounder, Rukmini Loening, Josef L.
author_facet	Rao, B. Bhaskara Gounder, Rukmini Loening, Josef L.
author_sort	Rao, B. Bhaskara
title	The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala
title_short	The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala
title_full	The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala
title_fullStr	The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala
title_full_unstemmed	The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala
title_sort	level and growth effects in the empirics of economic growth : some results with data from guatemala
publishDate	2010
url	http://hdl.handle.net/10986/4860
work_keys_str_mv	AT raobbhaskara thelevelandgrowtheffectsintheempiricsofeconomicgrowthsomeresultswithdatafromguatemala AT gounderrukmini thelevelandgrowtheffectsintheempiricsofeconomicgrowthsomeresultswithdatafromguatemala AT loeningjosefl thelevelandgrowtheffectsintheempiricsofeconomicgrowthsomeresultswithdatafromguatemala AT raobbhaskara levelandgrowtheffectsintheempiricsofeconomicgrowthsomeresultswithdatafromguatemala AT gounderrukmini levelandgrowtheffectsintheempiricsofeconomicgrowthsomeresultswithdatafromguatemala AT loeningjosefl levelandgrowtheffectsintheempiricsofeconomicgrowthsomeresultswithdatafromguatemala
_version_	1756571556030447616

The Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemala

Similar Items

Resource Map