ESTIMATING THE HUMAN CAPITAL SHARE IN IRAN'S ECONOMIC GROWTH (1965-2000)

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SADEGHI. M.; EMADZADEH M.

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Journal: Iranian Journal of Economic Research Year:2004 | Volume:5 | Issue:17 Page(s): 79-98

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Title

ESTIMATING THE HUMAN CAPITAL SHARE IN IRAN'S ECONOMIC GROWTH (1965-2000)

Author(s)

SADEGHI. M. | EMADZADEH M. | Issue Writer Certificate

Keywords

HUMAN CAPITALQ2

EDUCATIONQ2

ECONOMIC GROWTHQ2

INVESTMENTQ2

COBB-DOUGLAS PRODUCTION FUNCTIONQ4

SKILLED LABOUR FORCEQ4

Abstract

This paper focuses on HUMAN CAPITAL as a determinant of ECONOMIC GROWTH.In this article empirical evidences relating EDUCATION to ECONOMIC GROWTH are examined. In the context of neoclassical growth models, i.e. as in Cobb- Douglas production function, HUMAN CAPITAL serves as an input to production.These models expand on the neoclassical growth model of Solow, by allowing the output of a country to be an increasing function of its stock of HUMAN CAPITAL. It is shown that INVESTMENT in EDUCATION leads to increased output and therefore growth. Using an Ordinary Least Squares (OLS) regression function, we found that the production elasticities of the skilled labour, non skilled labor, and physical capital are respectively 0.21, 0.49 and 0.35 percentages. Our investigation concludes that schooling has a significant and substantial positive effect on productivity and GDP growth.

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APA: Copy

SADEGHI., M., & EMADZADEH, M.. (2004). ESTIMATING THE HUMAN CAPITAL SHARE IN IRAN'S ECONOMIC GROWTH (1965-2000). IRANIAN ECONOMIC RESEARCH, 5(17), 79-98. SID. https://sid.ir/paper/2824/en

Vancouver: Copy

SADEGHI. M., EMADZADEH M.. ESTIMATING THE HUMAN CAPITAL SHARE IN IRAN'S ECONOMIC GROWTH (1965-2000). IRANIAN ECONOMIC RESEARCH[Internet]. 2004;5(17):79-98. Available from: https://sid.ir/paper/2824/en

IEEE: Copy

M. SADEGHI., and M. EMADZADEH, “ESTIMATING THE HUMAN CAPITAL SHARE IN IRAN'S ECONOMIC GROWTH (1965-2000),” IRANIAN ECONOMIC RESEARCH, vol. 5, no. 17, pp. 79–98, 2004, [Online]. Available: https://sid.ir/paper/2824/en

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