Abstract: We examine the effect of human capital on income growth using data for East Asia. The World Bank website provides data on education expenditures and school enrollments per year, which are flow variables. We supplement the data with information from each country’s websites and estimate the impact of stock of human capital using a method based on the conventional production function.  The results show that the effects of human capital on per capita income growth for the period 2000-2012 are higher than those of period 2012-2024. We also find that the effects are very different for individual economies.

Keywords: Human capital, income, East Asia.