Fleisher, Belton M.; Li, Haizheng; Zhao, Min Qiang - 2021
accelerated. We find that human capital positively affects output per worker and productivity growth. In particular, in terms of …. The estimated spillover effect of human capital on TFP growth is positive and statistically significant, which is very … robust to model specifications and estimation methods. The spillover effect appears to be much stronger before 1994. We …