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 |
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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. |