Human capital plays a key role in theories of economic growth, innovations and development. However, the importance of human capital for economic growth is not well understood because the available estimates of human capital are of poor quality and cover a short time horizon. The aim of this project is to examine the importance of human capital for economic growth and international knowledge spillovers and why Australia has not maintained its leading position in the world since 1870. To this end educational attainment is estimated on an annual basis for circa 20 OECD countries for the period 1870-2005.
|Effective start/end date||2/01/08 → 31/12/10|
- Australian Research Council (ARC): A$206,500.00