Where Has All the Education Gone?

Pritchett, Lant

doi:10.1093/wber/15.3.367

Cited by 994 publications

(434 citation statements)

References 44 publications

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“…The new important theoretical contributions of the 1990s (Lucas 1988;Romer 1990) reinvigorated once again the case for human capital. These optimistic ideas were supported by different empirical studies (e.g., Barro 1991;Mankiw, Romer, and Weil 1992;Barro and Lee 1993) but also more critical voices appeared such as Benhabib and Spiegel (1994) and Pritchett (2001). Measurement error may account for some of these results (Krueger and Lindahl 2001).…”

Section: Literaturementioning

confidence: 80%

The long-run impact of human capital on innovation and economic development in the regions of Europe

2018

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Human capital is supposed to be an important factor for innovation and economic development. However, the long-run impact of human capital on current innovation and economic development is still a black box, in particular at the regional level. Therefore, this paper makes the link between the past and the present. Using a large new dataset on regional human capital and other factors in the 19 th and 20 th century, we find that past regional human capital is a key factor explaining current regional disparities in innovation and economic development.

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Section: Literaturementioning

confidence: 80%

The long-run impact of human capital on innovation and economic development in the regions of Europe

2018

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“…On the contrary, Pritchett did not find any relationship between human capital and rates of economic growth. He argues that a country's institutional/governance environment may be too perverse or the educational quality may be too poor to create any positive impact of the human capital on economic growth [35]. Similarly, Benhabib and Spiegel did not find any significant relationship between human capital and economic growth rate of a country [36].…”

Section: International Journal Of Trade Economics and Finance Vol mentioning

confidence: 99%

Dynamic Effects of FDI, Trade Openness, Capital Formation and Human Capital on the Economic Growth Rate in the Least Developed Economies: Evidence from Nepal

Adhikary¹

2015

IJTEF

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Abstract-The study investigates the linkage between FDI, trade openness, capital formation, human capital, and economic growth rate in Nepal using the vector error correction (VEC) model. The study reveals that a long-run equilibrium relationship exists between variables. Besides, trade openness and FDI have a dynamic positive effect on the GDP per capita growth rate in Nepal. On the other hand, human capital does not appear to be a significant factor, whereas capital formation demonstrates a negative association with rates of economic growth. The VEC based Granger causality test indicates that a unidirectional short-term causal flow runs between FDI, trade openness, and GDP per capita growth rate. However, the impulse response analysis reveals that this relationship is not stable rather volatile over time. The study suggests that Nepal should adopt more liberalized trade policy to attract foreign capitals and to ensure stable economic growth rate. Simultaneously, it needs to invest more in its human capital to reap spillover effects of foreign technologies on other sectors.

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“…Barro (1991) found that "poor countries tend to catch up with rich countries if the poor countries have high human capital per person (in relation to their level of per capita GDP)". Benhabib and Spiegel (1994), Bils and Klenow (2000) and Prichett (2001) find a weak relation between education quantity and economic growth.…”

Section: Literature Reviewmentioning

confidence: 95%

“…Prichett (2001) find that the impact of education varies widely across countries. He provided three possible explanations.…”

Section: Sianesi and Van Reenenmentioning

confidence: 98%

Do University Rankings Matter for Growth?

2013

SSRN Journal

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Where Has All the Education Gone?

Cited by 994 publications

References 44 publications

The long-run impact of human capital on innovation and economic development in the regions of Europe

The long-run impact of human capital on innovation and economic development in the regions of Europe

Dynamic Effects of FDI, Trade Openness, Capital Formation and Human Capital on the Economic Growth Rate in the Least Developed Economies: Evidence from Nepal

Do University Rankings Matter for Growth?

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