Abstract
Economists have long stressed the importance of human capital to the process of economic growth. However, recent cross-country studies have shown that economic growth appears to be unrelated to increases in human capital (Griliches 2000). Benhabib and Spiegel (1994), for example, have found only a weak correlation between growth and increases in human capital, measured in terms of educational attainment. Pritchett (2001) has arrived at similar results using a different dataset and more extensive robustness testing. These findings are in contrast to a great deal of evidence indicating high returns to human capital investments in both developing and developed countries (Temple 1999).
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Fischer, M.M., Bartkowska, M., Riedl, A., Sardadvar, S., Kunnert, A. (2010). The Impact of Human Capital on Regional Labor Productivity in Europe. In: Fischer, M., Getis, A. (eds) Handbook of Applied Spatial Analysis. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-03647-7_28
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DOI: https://doi.org/10.1007/978-3-642-03647-7_28
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