Economic Development and the Return to Human Capital : a Smooth Coefficient Semiparametric Approach

  • THEOFANIS P. MAMUNEAS, ANDREAS SAVVIDESb, THANASIS STENGOSc
  • Published 2006
This paper investigates the impact of human capital on the process of economic growth by allowing the contribution of traditional inputs (capital and labour) as well as that of human capital to vary both across countries and time. The former is accomplished by constructing an index of TFP growth for traditional inputs, while the latter through… (More)