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The Impact of Human Capital on Economic Growth in Iran: A Nonlinear Approach

Authors :
Seyed Saleh Akbar Mousavi
Jafar Haghighat
Mohammdreza Salmani Bishak
Source :
فصلنامه پژوهش‌های اقتصادی ایران, Vol 20, Iss 63, Pp 121-144 (2015)
Publication Year :
2015
Publisher :
Allameh Tabataba'i University Press, 2015.

Abstract

Recent technological advances have increased the importance of human capital over the past years. In this paper, we study the impact of human capital on economic growth in Iran using the nonlinear STR method for the period 1345-1389. To this end, we estimate a two regime Logistic Smooth Transition Dynamic Regression (LSTR) model in which the transition variable is the logarithmic change in human capital. The results show that the impact of human capital on growth is different in two regimes. In the first regime, if the human capital growth rate is below the threshold value, the effects of human and physical capital on economic growth will be negative and positive, respectively. In the second one, human capital has positive and significant impact on economic growth. The main conclusion of the study is that it is crucial to take the type of regime into account.

Details

Language :
Persian
ISSN :
17260728 and 24766445
Volume :
20
Issue :
63
Database :
Directory of Open Access Journals
Journal :
فصلنامه پژوهش‌های اقتصادی ایران
Publication Type :
Academic Journal
Accession number :
edsdoj.099aaae3bf464744be5065ca8c757229
Document Type :
article
Full Text :
https://doi.org/10.22054/ijer.2015.4096