Does Human Capital Matter for Growth in OECD Countries?: Evidence from Pooled Mean-Group Estimates

Organisation for Economic Co-operation and Development2026-04-11 收录

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This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries over the period 1971-98. It uses an improved dataset on human capital and a novel econometric technique that reconciles growth model assumptions with the needs of panel data regressions. Unlike several previous studies, our results...