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Revista Brasileira de Economia

Print version ISSN 0034-7140On-line version ISSN 1806-9134


UHR, Daniel de Abreu Pereira et al. Economic Growth Channels From Human Capital: A Dynamic Panel Analysis for Brazil. Rev. Bras. Econ. [online]. 2020, vol.74, n.1, pp.95-118.  Epub May 08, 2020. ISSN 1806-9134.

The purpose of this paper is to test the effect of human capital on Brazilian economic growth through the factor accumulation channel and the total factor productivity channel. We used new human capital measures, covering the period from 1996 to 2015 and employed the two-step SYS-GMM method, with standard finite sample error correction and principal components analysis for the control of the proliferation of instruments. The results show that human capital affects economic growth through both individually tested channels. Also, both basic and advanced human capital have a positive impact on growth through the total factor productivity channel.

Keywords : Human capital; economic growth GMM model; dynamic panel data.

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