Technology, Human Capital and Growth: Evidence from a Middle Income Country Case Study Applying Dynamic Heterogeneous Panel Analysis
نویسنده
چکیده
This paper examines whether endogenous growth processes can be found in middle income country contexts. Estimation proceeds by means of dynamic heterogeneous panel analysis. Empirical evidence ...nds in favour of both knowledge spill-over e¤ects, and of positive impacts on total factor productivty growth by Schumpeterian innovative activity. A crucial ...nding is that spill-over e¤ects emerge from investment in human rather than physical capital, and that the quality dimension in human capital investment is vital in generating innovation. JEL Classi...cation: O31, O32, O33, O41, O47. ¤The South African Trade & Industry Policy Secretariat made available the data that made this paper possible. An earlier version of this paper was presented at the 6’th Annual Conference of the African Econometrics Society. Participants and particularly Hashem Pesaran provided valuable comments and suggestions. NACI & NSTF provided funding that made the project possible. Views expressed in the paper are those of the author alone. Responsibility for the content of the paper vests in the author. Technology, Human Capital and Growth 1
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