Human capital and state-level economic growth: what is the contribution of schooling?

被引:14
|
作者
Yamarik, Steven [1 ]
机构
[1] Calif State Univ Long Beach, Dept Econ, Long Beach, CA 90840 USA
来源
ANNALS OF REGIONAL SCIENCE | 2011年 / 47卷 / 01期
关键词
SPATIAL PANEL-DATA; MONTE-CARLO; CONVERGENCE; SPECIFICATION; PRODUCTIVITY; SOLOW;
D O I
10.1007/s00168-010-0365-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we set out to quantify the magnitude of the positive empirical relationship between schooling and regional growth. We apply the growth empirics method of Mankiw et al. (Q J Econ 107:407-438, 1992) to a panel of US states. We improve upon the existing regional growth literature by (i) removing transfer payments from personal income, (ii) deflating non-transfer income by individual state price indices, and (iii) using a system GMM estimator. We estimate an education share of income of 20-25%, which corresponds to estimates from the growth accounting literature.
引用
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页码:195 / 211
页数:17
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