Fig 1.
Path diagram—PLS-PM of human capital.
Circles are latent variables, and boxes are observable variables. The arrows represent dependence relationships between the variables.
Table 1.
Regression analysis for economic growth by OLS.
Table 2.
Regression analysis for economic growth by GMM.
Table 3.
Regression analysis for economic growth-heteroskedasticity-based instruments.
Fig 2.
Contribution of the education block to the explanation of human capital.
Parameters are estimated with PLS-PM as depicted in Fig 1 plus environment and resources as additional regressors.
Fig 3.
Performance of human capital variables over time.
(a) Boxplot diagrams for Average Years of Education (AYE) as a function of time. (b) Statistical distribution of Human Capital Index (ihc) as a function of time.
Fig 4.
Correlation analysis between different variables of human capital and well-being.
(a) Scattergram for GDP per capita and AYE in 1975. (b) Scattergram for GDP per capita and AYE in 2010. (c) Scattergram for ihc and AYE in 1975. (d) Scattergram for ihc and AYE in 2010.
Table 4.
Regression analysis for economic growth by periods.
Table 5.
Regression analysis for economic growth by sample of countries.
Table 6.
Estimation by the system GMM estimator (full sample).
Table 7.
Sensitivity analysis (different periods, 1975-1990).
Table 8.
Sensitivity analysis (different periods, 1991-2011).
Table 9.
Sensitivity analysis (different samples).