An extension to the neoclassical growth model to estimate growth effects

The neoclassical growth model was extended by Mankiw et al. (1992) to estimate the level-effects of human capital. We suggest a further extension to capture their permanent growth-effects. Time-series data from Fiji are used to show that the growth-effects of human capital, although small, are significant and specifications with growth-effects perform better.

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Year of publication:	2009
Authors:	Rao, B. Bhaskara ; Nisha, Fozia
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 18, p. 1837-1841
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008582750