Education, Health and Economic Growth in OECD Countries Cover Image

Edukacja i zdrowie a wzrost gospodarczy w krajach OECD
Education, Health and Economic Growth in OECD Countries

Author(s): Łukasz Jabłoński
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: human capital aquisition; economic growth; endogenous growth theory; OECD countries

Summary/Abstract: The paper does a statistical analysis of the influence of two crucial components of human capital – education and health – on economic growth in OECD countries from 1992 to 2007. The analysis was based on the production function derived from Mankiw, Romer and Wiel’s neoclassical growth model [1992]. The calculation was conducted based on least squares and fixed effects methods. The results show that, while perhaps to a lesser extent than physical capital, human capital has a positive impact on economic growth in OECD countries. It is also shown that education supports per capita GDP growth to a greater extent than improving the condition of health.

  • Issue Year: 869/2011
  • Issue No: 01
  • Page Range: 5-26
  • Page Count: 22
  • Language: Polish