The effect of human capital on economic growth in the Caribbean-Oct 1997

Author(s): Boamah, Daniel (1997)

Created 22 Jul, 1997
Categories Working Papers
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The study utilises a traditional production function framework to measure the contribution of human capital to economic growth in Barbados over the period 1964-1993. The main finding is that when one takes account of qualitative improvements of the labour force in the growth accounting process, labour's contribution explains nearly 50% of economic growth in the country over the period of investigation. This is more than double labour's contribution when qualitative improvements are ignored. An earlier version of this paper is dated June, 1997.

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