Abstract

ROJAS, Mara Leticia; MONTERUBBIANESI, Pablo Daniel  and  DABUS, Carlos Darío. No linearities and threshold effects in the human capital-economic growth relationship. Cuad. Econ. [online]. 2019, vol.38, n.77, pp.425-459. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v38n77.67984.

This paper analyzes the relationship between human capital and growth (considering the first through a broad approach involving health and education) for 86 countries from 1960-2010. The objective is to evaluate the presence of nonlinearities and the threshold effects by using parametric and semiparametric panel techniques. The results show: a) well-known evidence of nonlinearities in education, with a range of average values of education (and income) for which the relation is negative (threshold effects); b) evidence of nonlinearities for health, although the effect is smoother; and c) great dispersion in the education-growth relationship at medium and high levels of income.

JEL: C1, I0, O4, O5.

Keywords : Economic growth; human capital; health; education; panel data; semiparametric methods; non-linearities; threshold effects.

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