The The role of human capital in the structural change process

Detalhes bibliográficos
Autor(a) principal: Pinto, Michele Aparecida Nepomuceno
Data de Publicação: 2023
Outros Autores: Tebaldi, Edinaldo, Cunha, Marina Silva da
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7791
Resumo: The objective of this paper is to verify if human capital is an important determinant of structural change in different sectors of the economy and if it can accelerate the speed of this structural transformation. This paper contributes to the literature by developing an empirical test of the model proposed by Li et al. (2019) and by using the GMM methodology. It also uses two proxies for human capital (average years of schooling and the Penn World Table index) and structural change (employment and added value share) in order to verify whether or not they affect the variable of interest. Results showed that human capital has an essential role in the structural transformation process of the economy, since it has an effect on the relative participation of the sectors on total added value or on total employment. Also, human capital proved to be a potential accelerator of this structural transformation.
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spelling The The role of human capital in the structural change processEl papel del capital humano en el proceso de cambio estructuralO papel do capital humano no processo de mudança estruturalThe objective of this paper is to verify if human capital is an important determinant of structural change in different sectors of the economy and if it can accelerate the speed of this structural transformation. This paper contributes to the literature by developing an empirical test of the model proposed by Li et al. (2019) and by using the GMM methodology. It also uses two proxies for human capital (average years of schooling and the Penn World Table index) and structural change (employment and added value share) in order to verify whether or not they affect the variable of interest. Results showed that human capital has an essential role in the structural transformation process of the economy, since it has an effect on the relative participation of the sectors on total added value or on total employment. Also, human capital proved to be a potential accelerator of this structural transformation.El objetivo de este artículo es verificar si el capital humano es un determinante importante del cambio estructural en diferentes sectores de la economía y si puede acelerar la velocidad de esta transformación. Este artículo contribuye a la literatura al desarrollar una prueba empírica del modelo propuesto por Li et al. (2019) y utilizando el Método Generalizado de Momentos (GMM). El artículo también utiliza dos proxies para el capital humano y el cambio estructural, con el fin de verificar si afectan o no la variable de interés y también para proporcionar resultados robustos. Los resultados encontrados mostraron que el capital humano juega un papel fundamental en el proceso de transformación estructural de la economía, ya que afecta la participación relativa de los sectores en el valor agregado total o empleo total. Además, el capital humano mostró un potencial acelerador de esta transformación estructural.O objetivo deste artigo é verificar se o capital humano é um determinante importante da mudança estrutural nos diferentes setores da economia e se este pode acelerar a velocidade dessa transformação. Este artigo contribui com a literatura ao desenvolver um teste empírico do modelo proposto por Li et al. (2019) e ao utilizar a metodologia GMM. O artigo também utiliza duas proxies para capital humano (anos médios de escolaridade e o índice Penn World Table) e mudança estrutural (participação do emprego e do valor adicionado), a fim de verificar se elas afetam ou não a variável de interesse. Os resultados encontrados mostraram que o capital humano tem um papel essencial no processo de transformação estrutural da economia, uma vez que afeta a participação relativa dos setores no valor agregado total ou no emprego total. Além disso, o capital humano provou-se ser um potencial acelerador dessa transformação estrutural.Departamento de Ciências Econômicas da UFMG2023-12-26info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7791Nova Economia; Vol. 33 No. 3 (2023): Revista Nova Economia; 0689-0717Nova Economia; v. 33 n. 3 (2023): Revista Nova Economia; 0689-07171980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGenghttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7791/4069Copyright (c) 2023 Michele Aparecida Nepomuceno Pinto, Edinaldo Tebaldi, Marina Silva da Cunhahttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessPinto, Michele Aparecida NepomucenoTebaldi, EdinaldoCunha, Marina Silva da2023-12-27T01:45:58Zoai:ojs.pkp.sfu.ca:article/7791Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2023-12-27T01:45:58Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv The The role of human capital in the structural change process
El papel del capital humano en el proceso de cambio estructural
O papel do capital humano no processo de mudança estrutural
title The The role of human capital in the structural change process
spellingShingle The The role of human capital in the structural change process
Pinto, Michele Aparecida Nepomuceno
title_short The The role of human capital in the structural change process
title_full The The role of human capital in the structural change process
title_fullStr The The role of human capital in the structural change process
title_full_unstemmed The The role of human capital in the structural change process
title_sort The The role of human capital in the structural change process
author Pinto, Michele Aparecida Nepomuceno
author_facet Pinto, Michele Aparecida Nepomuceno
Tebaldi, Edinaldo
Cunha, Marina Silva da
author_role author
author2 Tebaldi, Edinaldo
Cunha, Marina Silva da
author2_role author
author
dc.contributor.author.fl_str_mv Pinto, Michele Aparecida Nepomuceno
Tebaldi, Edinaldo
Cunha, Marina Silva da
description The objective of this paper is to verify if human capital is an important determinant of structural change in different sectors of the economy and if it can accelerate the speed of this structural transformation. This paper contributes to the literature by developing an empirical test of the model proposed by Li et al. (2019) and by using the GMM methodology. It also uses two proxies for human capital (average years of schooling and the Penn World Table index) and structural change (employment and added value share) in order to verify whether or not they affect the variable of interest. Results showed that human capital has an essential role in the structural transformation process of the economy, since it has an effect on the relative participation of the sectors on total added value or on total employment. Also, human capital proved to be a potential accelerator of this structural transformation.
publishDate 2023
dc.date.none.fl_str_mv 2023-12-26
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7791
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7791
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7791/4069
dc.rights.driver.fl_str_mv Copyright (c) 2023 Michele Aparecida Nepomuceno Pinto, Edinaldo Tebaldi, Marina Silva da Cunha
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Michele Aparecida Nepomuceno Pinto, Edinaldo Tebaldi, Marina Silva da Cunha
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 33 No. 3 (2023): Revista Nova Economia; 0689-0717
Nova Economia; v. 33 n. 3 (2023): Revista Nova Economia; 0689-0717
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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