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Many Types of Human Capital and Many Roles in U.S. Growth: Evidence from County-Level Educational Attainment Data

Young, Andrew; Levy, Daniel; Higgins, Matthew - EconWPA - 2004

We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...

Persistent link: https://www.econbiz.de/10005126012

Stages of Growth in Economic Development

Kejak, Michal - EconWPA - 2001

The paper analyses a two-sector model of endogenous growth with two common features of economic development: stages of sustained growth and underdevelopment traps. The model also demonstrates the transitional issues of a temporary underdevelopment trap, seemingly sustainable growth, and a...

Persistent link: https://www.econbiz.de/10005407679

MANAGEMENT & DEVELOPMENT OF HAPPINESS : A PRIORITY IN SOCIO-ECONOMIC DEVELOPMENT

Dr.VSR.Subramaniam - EconWPA - 2005

). Domestic investments should be from Domestic Savings. Domestic Technology should be manned by Domestic Manpower. These could …

Persistent link: https://www.econbiz.de/10005408439

A Model of Demographic and Economic Processe Interaction

Olenev, Nicholas; Sarancha, Dmitry - EconWPA - 2003

This paper gives a description of fertility influence on education level of population and its well-being. We carry out the consideration by a demographic model keeping age structure. We suppose that (i) a part of GDP ia used for investment in education, (ii) the production level depends on the...

Persistent link: https://www.econbiz.de/10005408298

Growth and Convergence across the U.S: Evidence from County-Level Data

Higgins, Matthew; Levy, Daniel; Young, Andrew - EconWPA - 2005

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...

Persistent link: https://www.econbiz.de/10005076836

From Physical to Human Capital Accumulation: Inequality and the Process of Development

Galor, Oded; Moav, Omer - EconWPA - 2004

This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital …

Persistent link: https://www.econbiz.de/10005125649

Child Labor, Fertility and Economic Growth

Hazan, Moshe; Berdugo, Binyamin - EconWPA - 2005

This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per capita is low. Technological progress, however,...

Persistent link: https://www.econbiz.de/10005062425

China’s Economic Growth 1978-2025: What We Know Today about China’s Economic Growth Tomorrow

Holz, Carsten A. - EconWPA - 2005

Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...

Persistent link: https://www.econbiz.de/10005062447

From Stagnation to Growth: Unified Growth Theory

Galor, Oded - EconWPA - 2004

income per capita, technology, and population over the course of human history. Deciphering the underlying forces that … development across most of human history induced growth theorists to advance an alternative theory that captures in a single … between these distinct regimes. Unified growth theory reveals the underlying micro foundations that are consistent with the …

Persistent link: https://www.econbiz.de/10005062763

Inequality, Growth, and Overtaking

Sugimoto, Yoshiaki - EconWPA - 2003

This research develops a theory about the role of inequality in the overtaking of growth performance across countries …. The theory captures two opposing effects of inequality on factor accumulation and suggests that the qualitative change in …

Persistent link: https://www.econbiz.de/10005407627

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