Biblioteca Digital de VanguardiaAssessing the Properties of the Human Capital Production Function: A Dynamic Approach
This paper explores the generation process of human capital in a dynamic perspective. In order to do so: a) characterizes the recent evolution of human capital, using as proxy the same results panel of participating countries in PISA; b) explores different specifications of the production function o...
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Español |
| Publicado: |
Universidad del Pacífico
2013
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| Acceso en línea: | https://revistas.up.edu.pe/index.php/apuntes/article/view/679 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/53010 |
| _version_ | 1782336004376494080 |
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| author | Luque, Javier |
| author_facet | Luque, Javier |
| author_sort | Luque, Javier |
| collection | Repositorio |
| description | This paper explores the generation process of human capital in a dynamic perspective. In order to do so: a) characterizes the recent evolution of human capital, using as proxy the same results panel of participating countries in PISA; b) explores different specifications of the production function of human capital capable of generating dynamic patterns observed; and c) shows the ability of different specifications econometric literature usually employed to correctly detect the structure of the production function. The observed dynamics are different between countries, highlighting the relative stability in the results of most developed countries, evolution consistent with certain specific properties of the production function. Additionally, the paper identifies the problems in econometric specifications usually employed in the literature to estimate correctly the importance of dynamic factors in the generation process of human capital. |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO53010 |
| institution | CLACSO, Repositorio Digital |
| language | Español |
| publishDate | 2013 |
| publisher | Universidad del Pacífico |
| record_format | greenstone |
| spelling | clacso-CLACSO530102022-03-17T18:48:12Z Assessing the Properties of the Human Capital Production Function: A Dynamic Approach Caracterizando la función de producción del capital humano: una perspectiva dinámica Luque, Javier This paper explores the generation process of human capital in a dynamic perspective. In order to do so: a) characterizes the recent evolution of human capital, using as proxy the same results panel of participating countries in PISA; b) explores different specifications of the production function of human capital capable of generating dynamic patterns observed; and c) shows the ability of different specifications econometric literature usually employed to correctly detect the structure of the production function. The observed dynamics are different between countries, highlighting the relative stability in the results of most developed countries, evolution consistent with certain specific properties of the production function. Additionally, the paper identifies the problems in econometric specifications usually employed in the literature to estimate correctly the importance of dynamic factors in the generation process of human capital. Este documento explora el proceso de generación de capital humano en una perspectiva dinámica. Para ello: a) caracteriza la evolución reciente del capital humano, usando como proxy del mismo los resultados panel de los países participantes en la prueba PISA; b) explora diferentes especificaciones de la función de producción del capital humano capaz de generar los patrones dinámicos observados; y c) muestra la capacidad de distintas especificaciones econométricas empleadas usualmente en la literatura para detectar correctamente la estructura de dicha función de producción. Las dinámicas observadas son distintas entre países, destacando la relativa estabilidad en los resultados de la mayoría de los países desarrollados, evolución consistente con ciertas propiedades específicas de la función de producción. Adicionalmente, el documento identifica los problemas en especificaciones econométricas empleadas usualmente en la literatura para estimar correctamente la importancia de los factores dinámicos en el proceso de generación del capital humano. 2013-01-30 2022-03-17T18:48:12Z 2022-03-17T18:48:12Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.up.edu.pe/index.php/apuntes/article/view/679 10.21678/apuntes.72.679 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/53010 spa https://revistas.up.edu.pe/index.php/apuntes/article/view/679/678 Derechos de autor 2017 Apuntes http://creativecommons.org/licenses/by/4.0 application/pdf Universidad del Pacífico Apuntes. Social Sciences Journal; Apuntes 72: Educación. Calidad y procesos; 193-231 Apuntes. Revista de ciencias sociales; Apuntes 72: Educación. Calidad y procesos; 193-231 2223-1757 0252-1865 |
| spellingShingle | Luque, Javier Assessing the Properties of the Human Capital Production Function: A Dynamic Approach |
| title | Assessing the Properties of the Human Capital Production Function: A Dynamic Approach |
| title_full | Assessing the Properties of the Human Capital Production Function: A Dynamic Approach |
| title_fullStr | Assessing the Properties of the Human Capital Production Function: A Dynamic Approach |
| title_full_unstemmed | Assessing the Properties of the Human Capital Production Function: A Dynamic Approach |
| title_short | Assessing the Properties of the Human Capital Production Function: A Dynamic Approach |
| title_sort | assessing the properties of the human capital production function: a dynamic approach |
| url | https://revistas.up.edu.pe/index.php/apuntes/article/view/679 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/53010 |