| The simultaneity in human capital estimations： The case of China |
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| 摘 要： | Existing papers on human capital and growth in China has been using single equation estimations. This might cause a simultaneity bias if a two-way causality between the two variables exists. In this paper, the author performs vector autoregressive estimations using panel data on the number of graduates at each level of education as a proxy for human capital in China during 1991-2005. The results show that investment in human capital increases output per worker at all three levels of education. Regarding the effects of output per worker on the accumulation of human capital, the author finds mixed results with the primary-school graduates＇ benefits the most from increases in per capita output.
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| 关 键 词： | 人力资本 同时性 中国 估算 回归估计 因果关系 资本积累 毕业生 |
The simultaneity in human capital estimations： The case of China |
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| Authors: | Tam Bang Vu |
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| Institution: | College of Business and Economics, University of Hawaii-Hilo, Hawaii 96720, USA |
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| Abstract: | simultaneous equation estimations education productivity China＇s economy |
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| Keywords: | simultaneous equation estimations education productivity China＇s economy |
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