The growth effects of education in Australia

Antonio Paradiso (), Saten Kumar and B. Rao

MPRA Paper from University Library of Munich, Germany

Abstract: The growth effects of human capital, measured in various ways, are controversial and inconclusive. In this paper we estimate the growth effect of human capital with country specific time series data for Australia. In doing so, we extended the Solow (1956) growth model by using educational attainment as a measure of human capital developed by Barro and Lee (2010). The extended Solow (1956) model performs well after allowing for the presence of structural changes. Our results, based on alternative time series methods, show that educational attainment has a small and significant permanent effect on the growth rate of per worker output in Australia. For comparison of results, alternative measures of human capital are also utilized.

Keywords: SSGR; Economic Growth; Education; Australia (search for similar items in EconPapers)
JEL-codes: C22 O40 O56 (search for similar items in EconPapers)
Date: 2011-11-15
New Economics Papers: this item is included in nep-edu, nep-fdg, nep-hrm and nep-lab
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The growth effects of education in Australia (2013)
Working Paper: The Growth Effects of Education in Australia (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34791

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