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Technology, Human Capital and Growth

Author(s)
J. W. Fedderke
Publication date
July 2005
The paper examines whether endogenous growth processes can be found in middle income country contexts. Estimation proceeds by means of dynamic heterogeneous panel analysis. Empirical evidence finds in favour of positive impacts on total factor productivty growth by Schumpeterian innovative activity. A crucial finding is that it is the quality of human capital rather than the quantity of human capital that is important for TFP growth. We also find that human capital is both influenced by, and determines the institutions of society that serve to determine the long run productivity of all factors of production.
Publication PDF
Series title
Working Paper 027
Journal
2006, in South African Reserve Bank, Banco de Mexico and The People's Bank of China(eds.) Economic Growth, Proceedings of a G20 seminar held in Pretoria, South Africa, on 4-5 August 2005
Classification-JEL