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| Volume 3, No. 1,
April 2004
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Temporal Causality between Human Capital and Real Income in
Cointegrated VAR Processes: Empirical Evidence from China, 1960-1990 |
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Paresh Kumar Narayan |
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Department of Accounting, Finance and
Economics, Griffith University, Australia |
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Russell Smyth |
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Department of Economics, Monash University,
Australia |
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| Abstract |
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This article examines the causal relationship
between human capital and real income using data for China from
1960 to 1999. In the long run there is unidirectional Granger
causality running from human capital to real income, while in the
short run there is unidirectional Granger causality running from
real income to human capital. |
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Key words:
China; human capital; income; cointegration; Granger causality |
| JEL
classification:
C12; C22; I2 |
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