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The contribution of human capital formation to post-war economic growth in Ireland
Author(s)
Date Issued
1993-05
Date Available
2009-12-10T15:27:34Z
Abstract
Following an account of the perceptions of the contribution of education to economic development among Irish policy-makers since the second world war, this paper examines the performance of the Irish economy in the framework of a model of exogenous growth incorporating human capital formation. It is shown that when account is taken of the low level of income at the start of the period and the relatively high rate of human and physical capital accumulation, the Irish growth rate has been relatively low. Possible explanations for this poor performance are explored. Neither the structure of education nor low rates of return to additional years of schooling appear to explain it, but there is evidence that the quality of physical investment has been poor. In addition, high and selective emigration in certain periods may have deprived the country of some of the returns to the increased investment in education undertaken in recent decades.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP93/8
Classification
N14
O52
Subject – LCSH
Human capital--Ireland
Economic development--Effect of education on--Ireland
Ireland--Economic conditions--1949-
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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