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Human capital and economic growth: secondary school or higher school?


N., Shalini and Abdul Hamid, Baharom and Kaur, Harpaljit and Habibullah, Muzafar Shah and Mohd Yunus, Rossita (2012) Human capital and economic growth: secondary school or higher school? In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 165-175).


This study investigates the linkages between economic growth and human capital. It employs the dynamic panel system GMM estimators, focusing on secondary school and higher school education as the proxy for human capital. The data was averaged to 7 points based on a sample of 62 countries spanning from year 1970 - 1999. The data was extracted from the World Development Index 2007 and study by Barro and Lee (2010). The results are particularly interesting, contrary to the expectation; only the high school graduates affect the growth while the secondary school graduates show insignificant. With disaggregation of countries based on the stages of economic development, high school show greater effect. These results further strengthens the grounds that human capital is indeed an important component and acts as an engine for economic growth.

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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics and Management, Universiti Putra Malaysia
Keywords: Human capital; Economic growth; Dynamic panel GMM estimator
Depositing User: Nabilah Mustapa
Date Deposited: 03 Apr 2017 05:48
Last Modified: 03 Apr 2017 05:48
URI: http://psasir.upm.edu.my/id/eprint/51194
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