Human capital and economic growth in Japan: An application of time series analysis

被引：14
|
作者：
Cheng, BS [1 ]
Hsu, RC [1 ]
机构：
[1] CLARK UNIV, DEPT ECON, WORCESTER, MA 01610 USA
来源：
APPLIED ECONOMICS LETTERS | 1997年 / 4卷 / 06期
关键词：
D O I：
10.1080/135048597355375
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The cointegration and causality between human capital and economic growth in Japan is examined by applying Johansen's test of cointegration and Hsiao's version of the Granger causality method to the Japanese data for the period 1952-93. The Phillips-Perron (PP) tests reveal that the original series of GDP is not stationary; therefore, a first differencing is performed. It is found that there is a bidirectional causality between human capital and economic growth. The results basically confirm the hypothesis that an increase in human capital stock exerts positive effects on economic growth and vice versa.
引用
收藏
页码：393 / 395
页数：3
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