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|Other Titles: ||Proxy Variables for Human Capital in Estimation of Production Function|
|Authors: ||小西, 葉子|
|Issue Date: ||25-Mar-2003|
|Citation: ||経済科学. v.50, n.4, 2003, p.83-95|
|Abstract: ||The aim of this paper is to examine the role of human capital in the economic growth, emphasizing the choice of proxy for human capital. Though a number of studies have been done on this issue, the results are not consistent with the theory. While a few studies find evidence for productivity of human capital in economic growth, others give different conclusions.
We resolve this problem by focusing on possible outliers in sample and measurement error caused by proxy for human capital.
Using Japanese cross-section data of 36 regions, we estimate the Benhabib-Spiegel regressions by OLS, LAD and Klepper and Leamer’s reverse regression technique. The main finding is that the human capital proxied by average years of schooling in secondary and higher education have positive effect on economic growth and thus those two variables are the recommendable proxy for human capital.|
|Appears in Collections:||経済科学 (The Economic Science)|
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