کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5054741 | 1476538 | 2013 | 14 صفحه PDF | دانلود رایگان |
This article presents new international estimates of human capital for the period 1970-2003. The new latent index is used to re-examine the Benhabib and Spiegel (2005) model of technology diffusion in a horse-race with the competing indicators of Barro and Lee (2010) and Hanushek and WöÃmann (2009). Analysis employs cross-section and panel econometrics, extends beyond the Cobb-Douglas technology, and deals with endogeneity bias. Robust evidence confirms the significance of cognitive skills as a driver of innovation and diffusion. Although there is substantial diversity, the new human capital index has declined in many countries in Africa and the OECD.
⺠A new latent index of human capital is developed for 70 nations, 1970-2003. ⺠Three production functions are used to test the Benhabib and Spiegel (2005) model. ⺠Cognitive skills are important for both innovation and technology diffusion. ⺠Human capital has declined in Africa and many OECD countries but has risen in Asia. ⺠Only one-third of poor countries have managed to escape the poverty trap.
Journal: Economic Modelling - Volume 30, January 2013, Pages 565-578