The level and growth effects of human capital in India

B. Bhaskara Rao, Krishna Chaitanya Vadlamannati

    Research output: Contribution to journalArticlepeer-review

    7 Citations (Scopus)

    Abstract

    In the extended Solow growth model of Mankiw et al. (1992), human capital has only permanent level and no growth effects. In the endogenous growth models human capital is a growth-improving variable. Human capital may have both a permanent level and a permanent growth effect, we show how both can be estimated with an extension to the Solow model.
    Original languageEnglish
    Pages (from-to)59-62
    Number of pages4
    JournalApplied Economics Letters
    Volume18
    Issue number1
    DOIs
    Publication statusPublished - 2011

    Keywords

    • India
    • Solow growth model
    • economic development
    • human capital
    • labor
    • mathematical models

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