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Economic Growth Channels from Human Capital: A Dynamic Panel Analysis for Brazil

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  • Uhr, Daniel de Abreu Pereira
  • Paula, Silvio da Rosa
  • Fialho, Mariana
  • Passos, Marcelo de Oliveira
  • Uhr, Julia Gallego Ziero

Abstract

The purpose of this paper is to test the effect of human capital on Brazilian economic growth through the factor accumulation channel and the total factor productivity channel. We used new human capital measures, covering the period from 1996 to 2015. We used the two-step SYS-GMM method, with standard finite sample error correction and principal components analysis for the control of the proliferation of instruments. The results show that basic and advanced human capital have a positive impact on economic growth through both channels, being the effect of greater magnitude through the factor accumulation channel.

Suggested Citation

  • Uhr, Daniel de Abreu Pereira & Paula, Silvio da Rosa & Fialho, Mariana & Passos, Marcelo de Oliveira & Uhr, Julia Gallego Ziero, 2020. "Economic Growth Channels from Human Capital: A Dynamic Panel Analysis for Brazil," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 74(1), March.
    • Handle: RePEc:fgv:epgrbe:v:74:y:2020:i:1:a:77642
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