An Alternative Interpretation of “average years of education” in growth regressions

when 2009
who Péter Földvári

Bas van Leeuwen

what journal Applied Economics Letters
what paper An Alternative Interpretation of “average years of education” in growth regressions
language English

involved project member(s)

Bas van Leeuwen Peter Foldvari
   

abstract

The majority of the empirical literature uses average years of education as a proxy of the human capital stock. Based on Lucas (1988) we argue that the level of average years of education can also be seen as a proxy for the growth rate of the per capita human capital stock. This has fundamental impact on the interpretation of the coefficient and may explain some of the contradictory empirical results.

keywords

Human capital, education, economic growth, panel analysis

link to paper page of the journal website

http://www.tandfonline.com/doi/abs/10.1080/13504850701222178

citation format

MLA Földvári, Péter, and Bas van Leeuwen. “An alternative interpretation of ‘average years of education’in growth regressions.” Applied Economics Letters 16.9 (2009): 945-949
APA Földvári, P., & van Leeuwen, B. (2009). An alternative interpretation of ‘average years of education’in growth regressions. Applied Economics Letters, 16(9), 945-949.
Chicago Földvári, Péter, and Bas van Leeuwen. “An alternative interpretation of ‘average years of education’in growth regressions.” Applied Economics Letters 16, no. 9 (2009): 945-949.
Harvard Földvári, P. and van Leeuwen, B., 2009. An alternative interpretation of ‘average years of education’in growth regressions. Applied Economics Letters, 16(9), pp.945-949.
Vancouver Földvári P, van Leeuwen B. An alternative interpretation of ‘average years of education’in growth regressions. Applied Economics Letters. 2009 May 22;16(9):945-9.