Hansen, Paul; Knowles, Stephen - In: Journal of Economic Studies 25 (1998) May, pp. 118-123
Models of endogenous economic growth typically assume that aggregate production is characterised by increasing returns …-set on formal educational attainments is used to disaggregate total employment in order to estimate a Cobb-Douglas aggregate … production function. The function is estimated, using a pooled cross-section time-series model, for a selection of high income …