Komplementarność edukacji wyższej oraz inwestycji w Polsce : analiza danych regionalnych / Joanna Żyra // W: Region i edukacja a procesy rozwojowe / ed. by Ewa Bojar, Tomasz Żminda, Jakub Bis ; Politechnika ... więcej

Komplementarność edukacji wyższej oraz inwestycji w Polsce : analiza danych regionalnych / Joanna Żyra // W: Region i edukacja a procesy rozwojowe / ed. by Ewa Bojar, Tomasz Żminda, Jakub Bis ; Politechnika Lubelska. Wydział Zarządzania. – Lublin : Politechnika Lubelska, 2014. – (Monografie / Politechnika Lubelska). – S. 105-122 : rys. – Bibliogr. s. 121-122, Abstr. – ISBN 978-83-7947-032-7

A favourable two-way causality between human capital and physical capital is considered as one among the most sought macroeconomic features. Under such circumstances, it is possible to expect a higher ... więcej

A favourable two-way causality between human capital and physical capital is considered as one among the most sought macroeconomic features. Under such circumstances, it is possible to expect a higher education premium not only due to changes in the in the ratio of unskilled to skilled labour inputs (as they are in the case with Cobb–Douglas production), which is strengthening foundations for a steady-state growth. It happens quite often that scarce human capital leads not only to a decrease in output and investments, but to a higher inequality as well, which in turn is detrimental to the long-term growth. Using panel data of Polish 16 voivodships over the 2000─2010 period, the relationship between investments and number of students as two most important components of the production function is estimated. Several estimation methods are implemented for a few different specifications of the baseline statistical model. Our results are in support of complementarity between the number of students and investments. Earlier results are confirmed that higher output growth does contribute to investment activities, being associated at the same time with a decrease in the number of students.