tailieunhanh - HOW DOES HUMAN CAPITAL AFFECT ECONOMIC GROWTH?

Theories of economic growth- Classical and Neo-classical theories, Schumpeter's theory, Keynes- Hansen Theory for steady growth. Determinants of growth. Growth Models- Harrod-Domar Model, Mahalanobis Model, Neo-classical growth models, Marx's theory, Rostow's Model and Nurkse-Lewis Model. Strategies for economic development, balanced vs unbalanced growth. Theories of "Big Push" and "Critical minimum effort". Theory of demographic transition, population trap, population growth. Capital formation, technology and economic growth. Social and political factors in economic development. Policies for economic development, Theories of Myrdal, Singer and Prebisch. Planning for economic development. Types of planning, Stages in the planning process, Planning models | NATIONAL CHENG KUNG UNIVERSITY Department of Economics Master s Thesis How Does Human Capital Affect Economic Growth Advisor Prof. Chun-Li Tsai Student Ming-Cheng Hung June 2009 How Does Human Capital Affect Economic Growth Abstract Based on the empirical investigations and theory of endogenous growth this paper examines the role of human capital on economic growth from 118 countries over period from 1980 to 2006. The first part of this paper classifies the education into primary secondary and tertiary ones to test whether each educational level affect economic growth differently and attempt to uncover this different effect among different countries development. Then we focus on the composition of human capital that be categorized into agriculture agriculture industry science manufacture service art humanity health society service types to find which types of human capital has the greatest impact to economic growth and add the factor of country s industrial structure to test whether the growth effect of education depends on the coordination between country s education fields and its industrial structure of local economics. Empirical result indicates three conclusions. First tertiary education has the greatest contribution to economic growth for all countries development. In particular the less-developed nations need more tertiary human capital to catch up with the well-developed ones. Second we find out that only the industry skill has positive contribution to economic growth. Finally as including the factor of development and industrial organization the human capital of industry skill only in developing countries and the nations with highly-profession guiding in industry has significant growth effect. Keyword economic growth human capital