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Human capital and the ambiguity of the Mankiw-Romer-Weil model

Mankiw, Romer and Weil's (1992) finding of a cross-country relationship between savings rates, school enrolment and income levels is highly ambiguous.Their interpretation that it is consistent with an augmented Solow model depends on the implausible assumption that educational productivity is v...

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Bibliographic Details
Main Author:	Huw Edwards
Format:	Default Preprint
Published:	2004
Subjects:	Other economics not elsewhere classified Growth Human capital Endogenous growth Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/331
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