Daniel Uhr, Silvio da Rosa Paula, M. Fialho, Marcelo de Oliveira Passos, J. Uhr
{"title":"Economic Growth Channels from Human Capital: A Dynamic Panel Analysis for Brazil","authors":"Daniel Uhr, Silvio da Rosa Paula, M. Fialho, Marcelo de Oliveira Passos, J. Uhr","doi":"10.5935/0034-7140.20200006","DOIUrl":null,"url":null,"abstract":"The purpose of this paper is to test the effect of human capital on Brazilian economic growth through the factor accumulation channel and the total factor productivity channel. We used new human capital measures, covering the period from 1996 to 2015. We used the two-step SYS-GMM method, with standard finite sample error correction and principal components analysis for the control of the proliferation of instruments. The results show that basic and advanced human capital have a positive impact on economic growth through both channels, being the effect of greater magnitude through the factor accumulation channel.","PeriodicalId":52490,"journal":{"name":"Revista Brasileira de Economia","volume":"74 1","pages":"95-118"},"PeriodicalIF":0.0000,"publicationDate":"2020-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista Brasileira de Economia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5935/0034-7140.20200006","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
The purpose of this paper is to test the effect of human capital on Brazilian economic growth through the factor accumulation channel and the total factor productivity channel. We used new human capital measures, covering the period from 1996 to 2015. We used the two-step SYS-GMM method, with standard finite sample error correction and principal components analysis for the control of the proliferation of instruments. The results show that basic and advanced human capital have a positive impact on economic growth through both channels, being the effect of greater magnitude through the factor accumulation channel.
期刊介绍：
A Revista Brasileira de Economia (RBE) é a mais antiga publicação de Economia do Brasil, e a segunda mais antiga da América Latina. Seus fundadores foram Arizio de Viana, o primeiro editor, e Eugênio Gudin, um dos mais influentes economistas da história brasileira. A RBE foi apresentada no seu primeiro número pelo professor Luiz Simões Lopes, em uma Introdução que poderia constar ainda hoje de qualquer número da revista.
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