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The human capital augmented Solow model revisited

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  • Harold Brumm

Abstract

A maintained hypothesis of the present paper is that a necessary condition for model verification is the robust empirical confirmation of the model's implied restrictions. In particular, the results of a statistical test of any such restrictions should be favourable and invariant across samples. A recent influential paper presented evidence in support of the principal restriction implied by the human capital augmented Solow model of economic growth. The present paper makes use of samples different from those examined in the prior paper. The conclusion reached here, unlike that reached in the prior paper, is that the augmented Solow model is not robust.

Suggested Citation

  • Harold Brumm, 1996. "The human capital augmented Solow model revisited," Applied Economics Letters, Taylor & Francis Journals, vol. 3(11), pages 711-714.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:11:p:711-714
    DOI: 10.1080/135048596355718
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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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    Cited by:

    1. Jean-Louis ARCAND & Béatrice D'HOMBRES, 2002. "Explaining the Negative Coefficient Associated with Human Capital in Augmented Solow Growth Regressions," Working Papers 200227, CERDI.

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