Publication

Understanding the effects of human capital on economic growth

Papakonstantinou, M. A., 2017, [Groningen]: University of Groningen, SOM research school. 124 p.

Research output: ThesisThesis fully internal (DIV)Academic

APA

Papakonstantinou, M. A. (2017). Understanding the effects of human capital on economic growth. [Groningen]: University of Groningen, SOM research school.

Author

Papakonstantinou, Maria Anna. / Understanding the effects of human capital on economic growth. [Groningen] : University of Groningen, SOM research school, 2017. 124 p.

Harvard

Papakonstantinou, MA 2017, 'Understanding the effects of human capital on economic growth', Doctor of Philosophy, University of Groningen, [Groningen].

Standard

Understanding the effects of human capital on economic growth. / Papakonstantinou, Maria Anna.

[Groningen] : University of Groningen, SOM research school, 2017. 124 p.

Research output: ThesisThesis fully internal (DIV)Academic

Vancouver

Papakonstantinou MA. Understanding the effects of human capital on economic growth. [Groningen]: University of Groningen, SOM research school, 2017. 124 p.


BibTeX

@phdthesis{1a7a3d2190014de38d84788abdda98e7,
title = "Understanding the effects of human capital on economic growth",
abstract = "There is a strong consensus in the literature regarding the importance of education, and therefore human capital, for the economy and society as a whole. Education is highly valued, not only because of its potential to generate monetary returns but also because of the social (non-pecuniary) returns it entails. The core aim of this thesis is to examine the importance of human capital in facilitating faster growth.First, I depart from the assumption that an hour worked delivers a constant quantity of labor services over time. Instead, new cohorts of graduates may differ from previous ones with respect to the quantity of labor services per hour worked they supply. I find that these human capital vintage effects are important in accounting for the trans-Atlantic productivity growth difference between 1995 and 2005. Second, I revisit the ability of human capital to bring about externalities by facilitating technological progress and technology adoption. To that end, I relate human capital to total factor productivity growth. I find evidence of externalities stemming from tertiary-educated people and also that these externalities depend on a country’s level of technological development.Third, I investigate international spill-overs of human capital by analyzing the impact of migration on the home country’s human capital. I find that countries with higher emigration rates of skilled workers show faster growth in knowledge-intensive manufacturing industries. This suggests evidence for ‘brain gain’ rather than ‘brain drain’.",
author = "Papakonstantinou, {Maria Anna}",
year = "2017",
language = "English",
isbn = "978-94-034-0174-4",
publisher = "University of Groningen, SOM research school",
school = "University of Groningen",

}

RIS

TY - THES

T1 - Understanding the effects of human capital on economic growth

AU - Papakonstantinou, Maria Anna

PY - 2017

Y1 - 2017

N2 - There is a strong consensus in the literature regarding the importance of education, and therefore human capital, for the economy and society as a whole. Education is highly valued, not only because of its potential to generate monetary returns but also because of the social (non-pecuniary) returns it entails. The core aim of this thesis is to examine the importance of human capital in facilitating faster growth.First, I depart from the assumption that an hour worked delivers a constant quantity of labor services over time. Instead, new cohorts of graduates may differ from previous ones with respect to the quantity of labor services per hour worked they supply. I find that these human capital vintage effects are important in accounting for the trans-Atlantic productivity growth difference between 1995 and 2005. Second, I revisit the ability of human capital to bring about externalities by facilitating technological progress and technology adoption. To that end, I relate human capital to total factor productivity growth. I find evidence of externalities stemming from tertiary-educated people and also that these externalities depend on a country’s level of technological development.Third, I investigate international spill-overs of human capital by analyzing the impact of migration on the home country’s human capital. I find that countries with higher emigration rates of skilled workers show faster growth in knowledge-intensive manufacturing industries. This suggests evidence for ‘brain gain’ rather than ‘brain drain’.

AB - There is a strong consensus in the literature regarding the importance of education, and therefore human capital, for the economy and society as a whole. Education is highly valued, not only because of its potential to generate monetary returns but also because of the social (non-pecuniary) returns it entails. The core aim of this thesis is to examine the importance of human capital in facilitating faster growth.First, I depart from the assumption that an hour worked delivers a constant quantity of labor services over time. Instead, new cohorts of graduates may differ from previous ones with respect to the quantity of labor services per hour worked they supply. I find that these human capital vintage effects are important in accounting for the trans-Atlantic productivity growth difference between 1995 and 2005. Second, I revisit the ability of human capital to bring about externalities by facilitating technological progress and technology adoption. To that end, I relate human capital to total factor productivity growth. I find evidence of externalities stemming from tertiary-educated people and also that these externalities depend on a country’s level of technological development.Third, I investigate international spill-overs of human capital by analyzing the impact of migration on the home country’s human capital. I find that countries with higher emigration rates of skilled workers show faster growth in knowledge-intensive manufacturing industries. This suggests evidence for ‘brain gain’ rather than ‘brain drain’.

M3 - Thesis fully internal (DIV)

SN - 978-94-034-0174-4

PB - University of Groningen, SOM research school

CY - [Groningen]

ER -

ID: 49423537