Threshold Effects of Human Capital: Schooling and Economic Growth

Research output: Working paper

Abstract

Many recent studies have found average years of schooling to be unrelated with economic growth. In this note, we show that the significant positive effect of schooling can only be realised after an economy crosses a threshold level of development.
Original languageEnglish
Number of pages10
Publication statusPublished - Dec 2015

Publication series

NameCentre for Growth and Business Cycle Research Discussion Paper Series, University of Manchester
PublisherCentre for Growth and Business Cycle Research Discussion Paper Series, University of Manchester
No.217

Keywords

  • Human capital; Schooling; Dynamic Threshold Model; Growth

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