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TitleThe Role of Human Capital in Economic Development:Evidence from Taiwan
Creator莊奕琦
Chuang, Yih-chyi
Date1996
Date Issued9-Jan-2009 11:36:19 (UTC+8)
SummaryThe use of Taiwanese industrial data to investigate two potentially important roles of human capital on long-run economic growth (i.e. factor accumulation and technology progress), we find that human capital accounts for 46% of output growth in aggregate manufacturing industry and from 23 to 84% in two-digit industries. Significant knowledge spillover effects were found within Taiwan`s manufacturing sector. For aggregate manufacturing, a roughly 29% of total rate of return to education gives a private return of 7% while the external knowledge spillover effect is 22%. For the two-digit industries, the inter-industry effect of education measures two to three times its intra-industry effect. Contrary to the Lau-Young proposition, we find that technology change in terms of knowledge spillover contributes 39% to the output growth of Taiwan`s aggregate manufacturing and from 12 to 42% to that of the two-digit industries. Our results also suggest that, in the presence of externalities, growth accounting based on macro data may be misleading in interpreting the sources of growth.
RelationAsian Economic Journal, 13(2), 117-144.
Typearticle
DOI http://dx.doi.org/10.1111/1467-8381.00078
dc.creator (作者) 莊奕琦zh_TW
dc.creator (作者) Chuang, Yih-chyi-
dc.date (日期) 1996en_US
dc.date.accessioned 9-Jan-2009 11:36:19 (UTC+8)-
dc.date.available 9-Jan-2009 11:36:19 (UTC+8)-
dc.date.issued (上傳時間) 9-Jan-2009 11:36:19 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/23156-
dc.description.abstract (摘要) The use of Taiwanese industrial data to investigate two potentially important roles of human capital on long-run economic growth (i.e. factor accumulation and technology progress), we find that human capital accounts for 46% of output growth in aggregate manufacturing industry and from 23 to 84% in two-digit industries. Significant knowledge spillover effects were found within Taiwan`s manufacturing sector. For aggregate manufacturing, a roughly 29% of total rate of return to education gives a private return of 7% while the external knowledge spillover effect is 22%. For the two-digit industries, the inter-industry effect of education measures two to three times its intra-industry effect. Contrary to the Lau-Young proposition, we find that technology change in terms of knowledge spillover contributes 39% to the output growth of Taiwan`s aggregate manufacturing and from 12 to 42% to that of the two-digit industries. Our results also suggest that, in the presence of externalities, growth accounting based on macro data may be misleading in interpreting the sources of growth.-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Asian Economic Journal, 13(2), 117-144.en_US
dc.title (題名) The Role of Human Capital in Economic Development:Evidence from Taiwanen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1111/1467-8381.00078-
dc.doi.uri (DOI) http://dx.doi.org/10.1111/1467-8381.00078-