Economic development and the return to human capital: A smooth coefficient semiparametric approach

Journal of Applied Econometrics

Volumn 21, Issue 1, 2006, Pages 111-132

  Mamuneas, Theofanis P ^a   Savvides, Andreas ^b   Stengos, Thanasis ^c  

^a UNIVERSITY OF CYPRUS   (Cyprus)

^b OKLAHOMA STATE UNIVERSITY   (United States)

^c UNIVERSITY OF GUELPH   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33644810130     PISSN: 08837252     EISSN: 10991255     Source Type: Journal    
DOI: 10.1002/jae.813     Document Type: Article

References (51)

1. Azariadis C, Drazen A. 1990. Threshold externalities in economic development. Quarterly Journal of Economics 105: 501-526.
2. Barro R. 1991. Economic growth in a cross section of countries. Quarterly Journal of Economics 106: 407-433.
3. Barro R. 1999. Notes on growth accounting. Journal of Economic Growth 4: 119-137.
4. Barro R, Sala-i-Martin X. 1995. Economic Growth. McGraw-Hill: New York.
5. Benhabib J, Spiegel M. 1994. The role of human capital in economic development: evidence from aggregate cross-country data. Journal of Monetary Economics 34: 143-174.
6. Bils M, Klenow PJ. 2000. Does schooling cause growth?" American Economic Review 90: 1160-1183.
7. Cai Z, Fan J, Li R. 2000a. Efficient estimation and inferences for varying-coefficient models. Journal of the American Statistical Association 95: 888-902.
8. Cai Z, Fan J, Yao Q. 2000b. Functional coefficient regression models for nonlinear time series models. Journal of the American Statistical Association 95: 941-956.
9. Diewert WE. 1976. Exact and superlative index numbers. Journal of Econometrics 4: 115-146.
10. Durlauf SN. 1993. Nonergodic economic growth. Review of Economic Studies 60: 349-366.
11. Durlauf SN, Johnson P. 1995. Multiple regimes and cross country growth behavior. Journal of Applied Econometrics 10: 365-384.
12. Durlauf SN, Kourtellos A, Minkin A. 2001. The local Solow growth model. European Economic Review 15: 928-940.
13. Edwards S. 1998. Openness, productivity and growth: what do we really know? The Economic Journal 108: 383-398.
14. Fan J. 1992. Design-adaptive nonparametric regression. Journal of the American Statistical Association 87: 998-1004.
15. Fan Y, Li Q. 1996. Consistent model specification tests: omitted variables, parametric and semiparametric functional forms. Econometrica 64: 865-890.
16. Fan J, Zhang W. 1999. Statistical estimation in varying-coefficient models. The Annals of Statistics 27: 1491-1518.
17. Freedom House. 2000. Annual Survey of Freedom Country Scores 1972-73 to 1998-99. Available at http://www.freedomhouse.org/ratings (2000, January).
18. Gollin D. 2002. Getting income shares right. Journal of Political Economy 110: 458-474.
19. Griliches Z. 1973. Research expenditures and growth accounting. In Science and Technology in Economic Growth, Williams BR (ed.). Macmillan: New York.
20. Hall R, Jones CI. 1999. Why do some countries produce so much more output per worker than others? Quarterly Journal of Economics 114: 83-116.
21. Harberger AC. 1998. A vision of the growth process. American Economic Review 88: 1-32.
22. Hoover DR, Rice C, Wu CO, Yang LP. 1998. Nonparametric smoothing estimates of time-varying coefficient models with longitudinal data. Biometrica 85: 809-822.
23. International Labour Organization. Yearbook of Labour Statistics. International Labour Office: Geneva (various issues).
24. Jorgenson DW, Griliches Z. 1967. The explanation of productivity change. Review of Economic Studies 34: 249-280.
25. Kalaitzidakis P, Mamuneas T, Savvides A, Stengos T. 2001. Measures of human capital and nonlinearities in economic growth. Journal of Economic Growth 6: 229-254.
26. Klenow P, Rodríguez-Clare A. 1997. The neoclassical revival in growth economics: has it gone too far? In NBER Macroeconomics Annual 1997, Bernanke BS, Rotemberg JJ (eds). MIT Press: Cambridge, MA; 73-103.
27. Kourtellos A. 2003. Modeling parameter heterogeneity in cross-country growth regression models. Mimeo, Department of Economics, University of Cyprus.
28. Krueger AB, Lindahl M. 2001. Education for growth: why and for whom? Journal of Economic Literature 39: 1101-1136.
29. Kyriacou GA. 1991. Level and growth effects of human capital. C.V. Starr Center Economic Research Reports, 91-26, New York University.
30. Lau LJ, Jamison DT, Louat FF. 1991. Education and productivity in developing countries: an aggregate production function approach. Working Paper No. 612, World Bank.
31. Li Q, Wang S. 1998. A simple consistent bootstrap test for a parametric regression functional form. Journal of Econometrics 87: 145-165.
32. Li Q, Huang C, Li D, Fu T. 2002. Semiparametric smooth coefficient models. Journal of Business and Economic Statistics 20: 412-422.
33. Lucas RE. 1988. On the mechanics of economic development. Journal of Monetary Economics 22: 3-42.
34. Mankiw N, Romer D, Weil D. 1992. A contribution to the empirics of economic growth. Quarterly Journal of Economics 108: 407-437.
35. Masanjala WH, Papageorgiou C. 2002. Parameter heterogeneity and nonlinearities in the aggregate production function: investigating the Solow growth model with CES technology. Journal of Applied Econometrics (forthcoming).
36. Nehru V, Swanson E, Dubey A. 1995. A new database on human capital stock in developing and industrial countries: sources, methodology and results. Journal of Development Economics 46: 379-401.
37. Pissarides CA. 1997. Learning by trading and the returns to human capital in developing countries. The World Bank Economic Review 11: 17-32.
38. Pritchett L. 1996. Population growth, factor accumulation and productivity. Working Paper No. 1567, World Bank.
39. Pritchett L. 2001. Where has all the education gone? World Bank Economic Review 15: 367-391.
40. Psacharopoulos G. 1994. Returns to investment in education: a global update. World Development 22: 1325-1343.
41. Racine J, Li Q. 2004. Nonparametric estimation of regression functions with both categorical and continuous data. Journal of Econometrics 119: 99-130.
42. Rodrik D. 2000. Institutions for high-quality growth: what they are and how to acquire them? NBER Working Paper No. 7540.
43. Sachs J, Warner A. 1995. Economic reform and the process of global integration. Brookings Papers on Economic Activity 1: 1-118.
44. Stone CJ. 1977. Consistent nonparametric regression. Annals of Statistics 5: 595-620.
45. Temple J. 1999. The new growth evidence. Journal of Economic Literature 37: 112-156.
46. Topel R. 1999. Labor markets and economic growth. In Handbook of Labor Economics, Vol. 3C, Ashenfelter O, Card D (eds). North Holland: Amsterdam.
47. Transparency International. 2001. Corruption Perceptions Index: Internet Center for Corruption Research. Available at http://www.gwdg.de/~uwvw/.
48. United Nations. National Accounts Statistics: Main Aggregates and Detailed Tables. United Nations Publications: New York (various issues).
49. World Bank. 1989. World Development Report 1989. Oxford University Press for the World Bank: New York.
50. Zhang W, Lee S-Y, Song X. 2002. Local polynomial fitting in semivarying coefficient model. Journal of Multivariate Analysis 82: 166-188.
51. Zheng JX. 1996. A consistent test of functional form via nonparametric estimation techniques. Journal of Econometrics 75: 263-289.