Threshold effects of human capital: Schooling and economic growth

Humna Ahsan, M. Emranul Haque

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Abstract

Empirical growth studies have often found average years of schooling to be unrelated with economic growth. This note shows that the significant positive effect of schooling can only be realized after an economy crosses a threshold level of development.

Original languageEnglish
Pages (from-to)48-52
Number of pages5
JournalEconomics Letters
Volume156
Early online date15 Apr 2017
DOIs
Publication statusPublished - 31 Jul 2017

Keywords

  • Dynamic threshold model
  • Growth
  • Human capital
  • Panel data analysis
  • Schooling

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