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政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/23156

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Title:	The Role of Human Capital in Economic Development:Evidence from Taiwan
Authors:	莊奕琦 Chuang, Yih-chyi
Date:	1996
Issue Date:	2009-01-09 11:36:19 (UTC+8)
Abstract:	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.
Relation:	Asian Economic Journal, 13(2), 117-144.
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/1467-8381.00078
DOI:	10.1111/1467-8381.00078
Appears in Collections:	[經濟學系] 期刊論文

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