Human capital in economic development: from labour productivity to macroeconomic impact

Hermannsson, K. and Lecca, P. (2015) Human capital in economic development: from labour productivity to macroeconomic impact. [Data Collection]

Original publication URL: http://hdl.handle.net/10943/641

Collection description

Micro-econometric evidence reveals high private returns to education, most prominently in low-income countries. However, it is disputed to what extent this translates into a macro-economic impact. This paper projects the increase in human capital from higher education in Malawi and uses a dynamic applied general equilibrium model to estimate the resulting macroeconomics impact. This is contingent upon endogenous adjustments, in particular how labour productivity affects competitiveness and if this in turn stimulates exports. Choice among commonly applied labour market assumptions and trade elasticities results in widely different outcomes. Appraisal of such policies should consider not only the impact on human capital stocks, but also adjustments outside the labour market.

College / School: College of Social Sciences > School of Education
Date Deposited: 17 Jun 2015 12:57
Enlighten Publications URL: http://eprints.gla.ac.uk/114205/
Retention date: 16 June 2025
Funder's Name: Icelandic International Development Agency
URI: http://researchdata.gla.ac.uk/id/eprint/188

Available Files

Full Archive

Read me

Repository Staff Only: Update this record

Hermannsson, K. and Lecca, P. (2015); Human capital in economic development: from labour productivity to macroeconomic impact

University of Glasgow

10.5525/gla.researchdata.188

Retrieved: 2017-09-22

Downloads

Downloads per month over past year