O papel do capital humano na aceleração do crescimento econômico: uma análise teórica e empírica

Abstract

This work performs a theoretical and empirical analysis of the theory about growth acceleration. The objective is to measure the contribution of human capital in episodes of accelerated growth, incorporating this variable in the acceleration model. Data are used for 40 countries from 1997 to 2015 and models are estimated in panel data, using the GMM System methodology with annual data extracted from the World Development Indicators. The evidence demonstrates that for the countries analyzed in the period considered, the variations in investment in human capital, measured through investment in education, did not affect the countries' accelerated growth. However, the estimates of the acceleration models with human capital showed that the rate of acceleration in the growth of world income was positive and statistically significant, which indicates that there is interdependence between countries in determining the acceleration of growth in each country.