Authors
1 Assistant Professor, Graduate School of Management and Economics, Sharif University of Technology, Tehran, Iran
2 M.S, Graduate in engineering, Social-Economic systems
Abstract
Human capital is an important ingredient of the new growth theory and, therefore its estimation has become a vital element for the growth regression models. In spite of this importance, an estimation of human capital has not yet been made for Iran. In this paper, the average years of education of the labor force of Iran, as a proxy for the human capital, has been estimated for the period 1966-2000. Because of using labor force instead of the population, the real number of students instead of enrolment rates, and taking into account the elements such as changes in the education system in 1966-2000, immigration, mortality, unemployment rates, the current research provides a more reliable result than those obtained by using conventional methods like Barro and Lee (2000).
Keywords
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