Page 12 - Education and Inclusive Growth --Jong-Wha Lee Korea University

158 ᐿ࿲ၾආӉj઺ԃٙɢඎ

additional school year is constant to be 10%, the world average of return rates in

Psacharopoulous (1994), for all countries.
Table 1 reports results of the growth accounting decomposition for the
overall sample period of 1981-2014 and three sub-periods{ 1980s, 1990s,

and 2001–2014{for 99 countries that have complete data. The figures are the
weighted averages for the groups of all the countries across the world, advanced
and developing countries by using country’s share in world GDP.

Table 1cGrowth Accounting for GDP per Worker, 1981–2014
Group Growth Rate Contribution from
(no. of of per-worker Physical Capital Human Capital TFP Growth
countries) GDP per Worker per Worker Rate
World (99)
1981–1990 0.019 0.0105 (55.4%) 0.006 (31.5%) 0.0025 (13.2%)
1991–2000 0.0224 0.0116 (51.6%) 0.0063 (28%) 0.0046 (20.3%)
2001–2014 0.0247 0.0144 (58.4%) 0.0035 (14.3%) 0.0068 (27.4%)
1981–2014 0.0233 0.0128 (54.9%) 0.0041 (17.5%) 0.0064 (27.6%)
Advanced (24)

1981–1990 0.0224 0.0108 (48.3%) 0.0054 (24.3%) 0.0061 (27.4%)
1991–1900 0.0195 0.0093 (47.5%) 0.005 (25.7%) 0.0052 (26.8%)
2001–2014 0.0095 0.0062 (65.8%) 0.0028 (29.5%) 0.0004 (4.6%)
1981–2014 0.0162 0.0084 (51.9%) 0.0029 (17.7%) 0.0049 (30.4%)
Developing (75)
1981–1990 0.0117 0.0098 (83.6%) 0.0071 (60.3%) -0.0051 (-43.9%)

1991–2000 0.0276 0.0157 (56.9%) 0.0086 (31%) 0.0033 (12%)
2001–2014 0.041 0.0232 (56.5%) 0.0043 (10.5%) 0.0135 (33%)
1981–2014 0.0307 0.0173 (56.5%) 0.0045 (14.7%) 0.0088 (28.8%)
Notes: Data are sourced from the PWT 9.0 and the Barro–Lee human capital data (www.
barro-lee.com). GDP growth is an average annual GDP growth rate over the
period, weighted by country share in current price real GDP. The contribution of
physical capital per worker, human capital per worker and TFP is the rate of per-
worker GDP growth weighted by the country’s income share.