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Population Growth, Human Capital Expenditures and Economic Growth: A Macroeconometric Analysis

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  • Aniceto C. Orbeta Jr.

    (Philippine Institute for Development Studies)

Abstract

The paper presents an econometrically estimated model where economic and demographic variables are determined simultaneously. It is used to quantify the importance of human capital expenditures in socioeconomic and demographic development as well as analyze the effects of rapid population growth on human capital expenditures. The simulation results indicate that human capital expenditures are important determinants of economic development, have appreciable negative effects on both fertility and infant mortality, hence, have negligible net effects on population in human capital expenditures per capita which implies a deteriorating quality of human capital.

Suggested Citation

  • Aniceto C. Orbeta Jr., 1992. "Population Growth, Human Capital Expenditures and Economic Growth: A Macroeconometric Analysis," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 29(2), pages 179-230, December.
    • Handle: RePEc:phs:prejrn:v:29:y:1992:i:2:p:179-230
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/155/733
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    Cited by:

    1. Orbeta, Aniceto Jr. C., 2002. "A Review of Research on Population-Related Issues: 1980-2002," Discussion Papers DP 2002-17, Philippine Institute for Development Studies.
    2. Orbeta, Aniceto Jr. C. & Pernia, Ernesto M., 1999. "Population Growth and Economic Development in the Philippines: What Has Been the Experience and What Must Be Done?," Discussion Papers DP 1999-22, Philippine Institute for Development Studies.

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