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ERIC Number: EJ883090
Record Type: Journal
Publication Date: 2010-Apr
Pages: 7
Abstractor: As Provided
Reference Count: 68
ISSN: ISSN-0950-4222
An Empirical Analysis of Differences in GDP per Capita and the Role of Human Capital
Sfakianakis, George; Magoutas, Anastasios I.; Georgopoulos, Demosthenes
Industry and Higher Education, v24 n2 p101-107 Apr 2010
Using a generalized production function approach and insights from empirical research on the determinants of growth, this paper assesses the relative importance of specific factors in explaining differences in the levels of per capita GDP. Emphasis is placed on education, physical capital accumulation, the share of the public sector in economic activity and the outward orientation of economies. Education, among other things, is connected with the ability of countries to take advantage of technology transfer channels. Panel data estimation techniques are used to obtain empirical results for the EU-15 countries, and economic policy recommendations are evaluated accordingly. (Contains 4 tables and 1 note.)
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Greece