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QUALITY-ADJUSTED HUMAN CAPITAL AND PRODUCTIVITY GROWTH

Authors

  • MD. RABIUL ISLAM,

    1. Islam: Alfred Deakin Postdoctoral Research Fellow, Alfred Deakin Research Institute, Deakin University, Burwood, VIC 3125, Australia. Phone +613 92517818, E-mail rabi.islam@deakin.edu.au
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  • JAMES B. ANG,

    1. Ang: Associate Professor, Division of Economics, Nanyang Technological University, Singapore 637332. Phone +65 65927534, Fax +65 67946303, E-mail james.ang@ntu.edu.sg
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  • JAKOB B. MADSEN

    1. Madsen: Professor, Department of Economics, Monash University, Caulfield East, VIC 3145, Australia. Phone +613 99032134, Fax +613 99031128, E-mail Jakob.Madsen@monash.edu
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    • Helpful comments and suggestions from Hans-Jürgen Engelbrecht, Dorian Owen, participants at the 39th Australian Conference for Economists and, particularly, two referees are gratefully acknowledged. Md. R.I. acknowledges financial support received from the Monash University Postgraduate Publications Award. J.B.A. and J.B.M. gratefully acknowledge financial support from the Australian Research Council (ARC Discovery Grant no. DP120103026). We also thank Nadir Altinok for providing the educational quality database.


Abstract

This article examines the influence of quality-adjusted educational attainment on growth and tests whether it facilitates the transfer of technology developed at the frontier for a panel of 60 countries. Using outcomes of pathogen stress as instruments, the results show that quality-adjusted educational attainment and its interaction with distance to the frontier play important roles for growth. (JEL I20, O30, O40)

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