Three Levels of Education and the Economic Growth

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dc.contributor.authorKocourek Alešcs
dc.contributor.authorNedomlelová Ivacs
dc.date.accessioned2018-09-25T12:14:41Z
dc.date.available2018-09-25T12:14:41Z
dc.date.issued2018cs
dc.description.abstractThe aim of this article is to solve the question how the three main stages of education contribute to the labour productivity growth in selected 125 countries in the period 1999–2014. The model is based on the neoclassical production function enhanced with human capital. The authors draw on the Penn World Tables 9.0 and UNESCO databases. The key benefit of this article is that human capital is characterized according to the returns to education from average number of years of formal schooling at the primary, secondary and tertiary level. Based on the panel data analysis, the contributions of capital and of the three levels of education to the growth of labour productivity are estimated. At the same time, the model allows to estimate the contribution of total factor productivity. The results of the analysis show that tertiary education has the strongest impact on labour productivity across the considered economies. At the same time, the breakdown of aggregate human capital by level of education leads to better clarification of the effects of human capital and physical capital on labour productivity. The conclusions also indicate a tendency towards rising returns to scale induced by the secondary and tertiary education.en
dc.format.extent14cs
dc.identifier.doi10.1080/00036846.2017.1388910
dc.identifier.issn0003-6846cs
dc.identifier.urihttps://dspace.tul.cz/handle/15240/31293
dc.identifier.urihttps://www.tandfonline.com/doi/full/10.1080/00036846.2017.1388910
dc.language.isoengcs
dc.publisherInforma UK Limitedcs
dc.publisher.cityLondoncs
dc.relation.ispartofseries1cs
dc.relation.urihttps://www.tandfonline.com/doi/pdf/10.1080/00036846.2017.1388910cs
dc.subjecthuman capitalcs
dc.subjectphysical capitalcs
dc.subjecteconomic growthcs
dc.subjecteducationcs
dc.subjecttotal factor productivitycs
dc.titleThree Levels of Education and the Economic Growthen
dc.titleThree Levels of Education and the Economic Growthcs
local.citation.epage2103-2116cs
local.citation.spage2103-2116cs
local.identifier.publikace4754
local.identifier.wok423622300001en
local.relation.issue19cs
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