<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>This paper aims to test different approaches of human capital stock approximation. It faces one of the main questions in explaining link between human capital and economic growth. It tries to step forward in answering what is the best proxy of human capital. It starts from Barro &amp; Lee and Cohen &amp; Soto datasets which are expanded by Mincerian approach to human capital measurement and educational structure of population as a human capital proxy. The original dataset covering 73 countries within 1960-1990 is being re-tested and results from panel data regression analyses are compared with expanded dataset.</p></abstract>

This paper aims to test different approaches of human capital stock approximation. It faces one of the main questions in explaining link between human capital and economic growth. It tries to step forward in answering what is the best proxy of human capital. It starts from Barro & Lee and Cohen & Soto datasets which are expanded by Mincerian approach to human capital measurement and educational structure of population as a human capital proxy. The original dataset covering 73 countries within 1960-1990 is being re-tested and results from panel data regression analyses are compared with expanded dataset.

Looking for the right human capital proxy

Katedra veřejných financí, VŠE v Praze, nńm. W. Churchilla 4, Praha 3

Review of Economic Perspectives

{"article-title":"Looking for the right human capital proxy"}

This paper aims to test different approaches of human capital stock approximation. It faces one of the main questions in explaining link between human capital...

Looking for the right human capital proxy

Published Online: Oct 18, 2010

Page range: 61 - 70

DOI: https://doi.org/10.2478/v10135-009-0009-0

Keywords
Human capital, growth, panel data regression

This content is open access.

Looking for the right human capital proxy

Published Online: Oct 18, 2010

Page range: 61 - 70

DOI: https://doi.org/10.2478/v10135-009-0009-0

KeywordsHuman capital, growth, panel data regression

This content is open access.

Keywords
Human capital, growth, panel data regression