Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000)
This paper focuses on human capital as a determinant of economic growth. In this article empirical evidences relating education to economic growth are examined. In the context of neoclassical growth models, i.e. as in Cobb-Douglas production function, human capital serves as an input to production....
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2004-01-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Subjects: | |
| Online Access: | https://ijer.atu.ac.ir/article_3868_aa7ce55255870ea9af0b640f2f00481d.pdf |
| _version_ | 1827393294564327424 |
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| author | Masoud Sadeghi Mostafa Emadzadeh |
| author_facet | Masoud Sadeghi Mostafa Emadzadeh |
| author_sort | Masoud Sadeghi |
| collection | DOAJ |
| description | This paper focuses on human capital as a determinant of economic growth. In this article empirical evidences relating education to economic growth are examined. In the context of neoclassical growth models, i.e. as in Cobb-Douglas production function, human capital serves as an input to production. These models expand on the neoclassical growth model of Solow, by allowing the output of a country to be an increasing function of its stock of human capital. It is shown that investment in education leads to increased output and therefore growth. Using an Ordinary Least Squares (OLS) regression function, we found that the production elasticities of the skilled labour, non skilled labor, and physical capital are respectively 0.21, 0.49 and 0.35 percentages. Our investigation concludes that schooling has a significant and substantial positive effect on productivity and GDP growth. |
| first_indexed | 2024-03-08T17:47:22Z |
| format | Article |
| id | doaj.art-b36d97e06c42413b899927fc8c65a561 |
| institution | Directory Open Access Journal |
| issn | 1726-0728 2476-6445 |
| language | fas |
| last_indexed | 2024-03-08T17:47:22Z |
| publishDate | 2004-01-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | فصلنامه پژوهشهای اقتصادی ایران |
| spelling | doaj.art-b36d97e06c42413b899927fc8c65a5612024-01-02T10:27:35ZfasAllameh Tabataba'i University Pressفصلنامه پژوهشهای اقتصادی ایران1726-07282476-64452004-01-0151779983868Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000)Masoud Sadeghi0Mostafa Emadzadeh1Member of Faculty of Administrative Sciences and Economics, Isfahan UniversityAssociate Professor, Faculty of Administrative Sciences and Economics, Isfahan UniversityThis paper focuses on human capital as a determinant of economic growth. In this article empirical evidences relating education to economic growth are examined. In the context of neoclassical growth models, i.e. as in Cobb-Douglas production function, human capital serves as an input to production. These models expand on the neoclassical growth model of Solow, by allowing the output of a country to be an increasing function of its stock of human capital. It is shown that investment in education leads to increased output and therefore growth. Using an Ordinary Least Squares (OLS) regression function, we found that the production elasticities of the skilled labour, non skilled labor, and physical capital are respectively 0.21, 0.49 and 0.35 percentages. Our investigation concludes that schooling has a significant and substantial positive effect on productivity and GDP growth.https://ijer.atu.ac.ir/article_3868_aa7ce55255870ea9af0b640f2f00481d.pdfhuman capitaleducationeconomic growthinvestmentcobb-douglas production functionskilled labour force |
| spellingShingle | Masoud Sadeghi Mostafa Emadzadeh Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000) فصلنامه پژوهشهای اقتصادی ایران human capital education economic growth investment cobb-douglas production function skilled labour force |
| title | Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000) |
| title_full | Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000) |
| title_fullStr | Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000) |
| title_full_unstemmed | Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000) |
| title_short | Estimating the Human Capital Share in Iran’s Economic Growth (1965-2000) |
| title_sort | estimating the human capital share in iran s economic growth 1965 2000 |
| topic | human capital education economic growth investment cobb-douglas production function skilled labour force |
| url | https://ijer.atu.ac.ir/article_3868_aa7ce55255870ea9af0b640f2f00481d.pdf |
| work_keys_str_mv | AT masoudsadeghi estimatingthehumancapitalshareiniranseconomicgrowth19652000 AT mostafaemadzadeh estimatingthehumancapitalshareiniranseconomicgrowth19652000 |