Human capital in the form of education has been used to explain GDP growth in augmented Solow models. A statistically significant coefficient for human capital variable in these models was recently reported for OECD countries using recent data. We use time series and panel regressions for data on a group of eighteen large developing countries for the period 1982–2001. This study confirms and extends results by OECD and other similar studies. Since most of our models have a significant human capital regressor in such a study of developing countries, results in this paper are important for policy regarding expanded educational opportunities, increased emphasis, and focus on education and technology in developing countries.
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