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

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dc.contributor.authorRao, B. Bhaskara
dc.contributor.authorGounder, Rukmini
dc.contributor.authorLoening, Josef L.
dc.date.accessioned2012-03-30T07:30:06Z
dc.date.available2012-03-30T07:30:06Z
dc.date.issued2010
dc.description.abstractMankiw 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.en
dc.identifier.citationApplied Economics
dc.identifier.issn00036846
dc.identifier.urihttps://hdl.handle.net/10986/4860
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectEmployment
dc.subjectUnemployment
dc.subjectWages
dc.subjectIntergenerational Income Distribution
dc.subjectAggregate Human Capital E240
dc.subjectHuman Capital
dc.subjectSkills
dc.subjectOccupational Choice
dc.subjectLabor Productivity J240
dc.subjectEconomic Development: Human Resources
dc.subjectHuman Development
dc.subjectIncome Distribution
dc.subjectMigration O150
dc.subjectMeasurement of Economic Growth
dc.subjectAggregate Productivity
dc.subjectCross-Country Output Convergence O470
dc.titleThe Level and Growth Effects in the Empirics of Economic Growth : Some Results with Data from Guatemalaen
dc.title.alternativeApplied Economicsen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum1444
okr.journal.nbpages2099-2109
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.countryGuatemala
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1131667&site=ehost-live
okr.relation.associatedurlhttp://www.tandf.co.uk/journals/routledge/00036846.html
okr.volume42
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