This paper estimates the steady state growth rate for Ireland with an extended version of the Solow (1956) growth model. We show that the education and trade openness have played an important role to improve the long-run growth rate. Policies to further improve the long-run growth rate are...

The growth effects of human capital, measured in various ways, are controversial and inconclusive. In this paper we estimate the growth effect of human capital with country specific time series data for Australia. In doing so, we extended the Solow (1956) growth model by using educational...