Human Capital and Economic Growth in OECD Countries

  title={Human Capital and Economic Growth in OECD Countries},
  author={Karl-Heinz Herlitschke and D. Koester},
The results of the PISA 2000 study renewed the interest in the contribution of human capital to economic growth. So far the exploration of large country comparisons delivered rather mixed results. Concentrating on those OECD member countries which participated in PISA 2000, this paper uses panel data estimation techniques to refine this analysis. Estimation results reveal a positive impact of the human capital stock on economic growth suggesting that an increase in the average schooling years… CONTINUE READING
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