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This article constructed a panel data model to investigate the effect of education human capital on economic growth, using the latest education data of 55 countries and regions from 1960 to 2009. Meantime, by subdividing education human capital into higher education, secondary education and primary education, it also examines the effect of different education level on economic growth. Furthermore, while introducing health human capital into the model, we explored the influence of different economic development level and some important historical events. The result shows that in general, education human capital has a significant positive impact on economic growth. The positive impact of higher education on economic growth is especially significant, however, the primary education and secondary education does not have a significant impact on economic growth; as for human capital, life expectancy and per capita GDP growth also showed a significant positive correlation.

Education, Human Capital and Economic Growth: Empirical Research on 55 Countries and Regions (1960-2009)