192
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

Human capital in personal consumption and labour force productivity: evidence from an OECD panel

References

  • Adams, J. (1990) Fundamental stocks of knowledge and productivity growth, Journal of Political Economy, 98, 673–702. doi:10.1086/261702
  • Baltagi, B. H. and Kao, C. (2000) Nonstationary panels, cointegration in panels and dynamic panels: a survey, Center for Policy Research Paper 136, University of London, London.
  • Banerjee, A. (1999) Panel data unit roots and cointegration: an overview, Oxford Bulletin of Economics and Statistics, 61, 607–29. doi:10.1111/1468-0084.61.s1.12
  • Barro, R. J. (2001) Human capital and growth, American Economic Review, 91, 12–17. doi:10.1257/aer.91.2.12
  • Bassanini, A. and Scarpetta, S. (2001) The driving forces of economic growth: panel data evidence for the OECD countries, OECD Economic Studies No. 33, OECD Publishing, Paris.
  • Bassanini, A., Scarpetta, S. and Hemmings, P. (2001) Economic growth: the role of policies and institutions: panel data, Evidence from OECD countries No. 283, OECD Publishing, Paris.
  • Baxter, M. and Jermann, U. (1999) Household production and the excess sensitivity of consumption to current income, American Economic Review, 89, 902–20. doi:10.1257/aer.89.4.902
  • Benhabib, J., Rogerson, R. and Wright, R. (1991) Homework in macroeconomics: household production and aggregate fluctuations, Journal of Political Economy, 1166–87. doi:10.1086/261796
  • Bernstein, J. and Mamuneas, T. (2006) R&D depreciation, stocks, user costs and productivity growth for US R&D intensive industries, Structural Change and Economic Dynamics, 17, 70–98. doi:10.1016/j.strueco.2005.04.003
  • Cowan, R. (2004) Network structure and the diffusion of knowledge, Journal of Economic Dynamics and Control, 15, 57–75.
  • Einarsson, T. and Marquis, M. (2001) Fiscal policy and human capital accumulation in a home production economy, Contributions to Macroeconomics, 1, 1–31.
  • Fahr, R. (2005) Loafing or learning?—the demand for informal education, European Economic Review, 49, 75–98. doi:10.1016/j.euroecorev.2004.03.002
  • Greenwood, J. and Hercowitz, Z. (1991) The allocation of capital and time over the business cycle, Journal of Political Economy, 99, 1188–214. doi:10.1086/261797
  • Gronau, R. (1986) Chapter 4 Home production — A survey, in Handbook of Labor Economics, Ashenfelter, O. and Layard, R. (Eds), Elsevier Science, New York, pp. 273–304.
  • Hellstrand, S., Skånberg, K. and Drake, L. (2009) The relevance of ecological and economic policies for sustainable development, Environment, Development and Sustainability, 11, 853–70. doi:10.1007/s10668-008-9156-1
  • Hu, Y. (2008) Human capital accumulation, home production and equilibrium dynamics, Japanese Economic Review, 59, 292–311. doi:10.1111/j.1468-5876.2008.00431.x
  • Im, K., Pesaran, H. and Shin, Y. (2003) Testing for unit roots in heterogeneous panels, Journal of Econometrics, 115, 53–74. doi:10.1016/S0304-4076(03)00092-7
  • İşcan, T. B. (2011) Productivity growth and the US saving rate, Economic Modelling, 28, 501–14. doi:10.1016/j.econmod.2010.07.003
  • Kao, C. and Chiang, M. H. (2000) On the estimation and inference of a cointegrated regression in panel data, Advances in Econometrics, 15, 179–222. doi:10.1016/S0731-9053(00)15007-8
  • La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (2008) The economic consequences of legal origins, Journal of Economic Literature, 46, 285–332. doi:10.1257/jel.46.2.285
  • Ladrón-de-Guevara, A., Ortigueira, S. and Santos, M. (1997) Equilibrium dynamics in two-sector models of endogenous growth, Journal of Economic Dynamics and Control, 21, 115–43. doi:10.1016/0165-1889(95)00927-2
  • López-Pueyo, C., Barcenilla-Visús, S. and Sanaú, J. (2008) International R&D spillovers and manufacturing productivity: a panel data analysis, Structural Change and Economic Dynamics, 19, 152–72. doi:10.1016/j.strueco.2007.12.005
  • Lucas Jr, R. E. (1993) Making a miracle, Econometrica, 61, 251–72.
  • Machlup, F. (1984) The Economics of Information and Human Capital, Princeton University Press, Princeton, NJ.
  • Mark, N. and Sul, D. (2001) Nominal exchange rates and monetary fundamentals: evidence from a small Post-Bretton woods panel, Journal of International Economics, 53, 29–52. doi:10.1016/S0022-1996(00)00052-0
  • Marshall, A. (1961[1898]) Book 2, Chapter III, Production. Consumption. Labour. Necessaries, book 4, p. 10–11. Book 4, Chapter I, Introductory p. 18–19 and Appendices E 7, E 8, E 10, p. 63–64, in Principles of Economics, 9th variorum edn, Guillebaud, C. W. (Eds), Macmillan, London.
  • McCoskey, S. and Kao, C. (1999) Comparing Panel Data Cointegration Tests with an Application of the Twin Deficits Problem, Syracuse University, Syracuse, NY.
  • Oliveira Martins, J., Boarini, R., Strauss, H. et al. (2007) The policy determinants of investment in tertiary education, OECD Economics Working Paper, No. 576, OECD Publishing, Paris.
  • Parente, S., Rogerson, R. and Wright, R. (2000) Homework in development economics: household production and the wealth of nations, Journal of Political Economy, 108, 680–87. doi:10.1086/316102
  • Park, W. G. and Lippoldt, D. (2005) International licensing and the strengthening of intellectual property rights in developing countries during the 1990s, OECD Economic Studies, 40, 7–48. doi:10.1787/eco_studies-v2005-art2-en
  • Pedroni, P. (2000) Fully modified OLS for heteregenous cointegrated panels, in Nonstationary Panels, Panel Cointegration, and Dynamic Panels, Advances in Econometrics, Vol. 15, Baltagi, B. (Ed), Elsevier Science, Amsterdam, pp. 93–130.
  • Purcell-Gates, V. (1996) Stories, coupons, and the TV guide: relationships between home literacy experiences and emergent literacy knowledge, Reading Research Quarterly, 31, 406–28. doi:10.1598/RRQ.31.4.4
  • Schultz, T. (1961) Investment in human capital, American Economic Review, 51, 1–17.
  • Sequeira, T. (2008) On the effects of human capital and R&D policies in an endogenous growth model, Economic Modelling, 25, 968–82. doi:10.1016/j.econmod.2008.01.002
  • Westerlund, J. (2007) Testing for error correction in panel data, Oxford Bulletin of Economics and Statistics, 69, 709–48. doi:10.1111/j.1468-0084.2007.00477.x

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.