The growth effects of education in Australia

Antonio Paradiso; Saten Kumar; B. Bhaskara Rao

doi:10.1080/00036846.2012.724161

The growth effects of education in Australia

Antonio Paradiso, Saten Kumar, B. Bhaskara Rao

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

In this article, 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.

Original language	English
Pages (from-to)	3843-3852
Number of pages	10
Journal	Applied Economics
Volume	45
Issue number	27
DOIs	https://doi.org/10.1080/00036846.2012.724161
Publication status	Published - 2013

Keywords

Australia
economic development
educational achievement
human capital

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/00036846.2012.724161

Cite this

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title = "The growth effects of education in Australia",

abstract = "In this article, 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.",

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AU - Kumar, Saten

AU - Rao, B. Bhaskara

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AB - In this article, 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.

KW - Australia

KW - economic development

KW - educational achievement

KW - human capital

UR - http://handle.uws.edu.au:8081/1959.7/515578

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DO - 10.1080/00036846.2012.724161

M3 - Article

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VL - 45

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EP - 3852

JO - Applied Economics

JF - Applied Economics

IS - 27

ER -

The growth effects of education in Australia

Abstract

Keywords

UN SDGs

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