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Paper Information

Journal:   IRANIAN ECONOMIC RESEARCH   Winter 2004 , Volume 5 , Number 17; Page(s) 1 To 33.
 
Paper: 

HUMAN CAPITAL, EDUCATION DISTRIBUTION OF LABOUR FORCE AND ECONOMIC GROWTH: THE CASE OF IRAN

 
 
Author(s):  NILI M., NAFISI SH.
 
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Abstract: 
Economic theory suggests a causal and positive relationship between human capital and economic growth. Empirical findings, however, report an insignificant and even negative relationship between the two, for many cases. This has been explained by some researchers as a result of neglecting the educational distribution of labour force. In this paper, the significance of this explanation has been examined for the case of Iran. We have shown that, while the relationship between human capital and economic growth is significant and positive, it is statistically improved when the educational distribution of labour force is added to the model.
According to our findings, policy should give more priority to primary and secondary education as opposed to higher education.
 
Keyword(s): HUMAN CAPITAL, ECONOMIC GROWTH, EDUCATIONAL DISTRIBUTION
 
References: 
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