Rao, B. Bhaskara; Singh, Rup; Nisha, Fozia - 2006
The neoclassical growth model was extended by Mankiw, Romer and Weil (1992) to estimate the level effects of additional … factors like 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 effect of human capital, although small, is significant. Furthermore, in our sample …