This paper explains why different studies present widely-varying estimates of the effect of increased schooling on national income. It shows that when correctly-interpreted, these studies support the hypothesis that a one-year increase in average schooling attainment raises national income...

Using a new data set for human capital/adult, I show that changes in human capital cause economic growth in 56 countries over the 1985 to 2005 period. I show that these results are superior to results using average schooling attainment.

I use a dynamic augmented Solow model to estimate the effects of students’ test scores and investment in schooling on economic growth rates in 49 countries during 1985-2005. In the complete data set, either average test scores or investment in schooling explain economic growth rates, and more...

Using a dynamic augmented Solow model, I estimate the effect of students’ schooling attainment, schooling expenditures, and students’ test scores on growth rates over the period 1985-2005. I also estimate the effect of related measures for human capital stocks on national income in a static...

I use a dynamic Solow growth model, augmented with human capital, labor-hours, and oil prices, to show that Japan’s growth in GDP/adult over 1969-2007 can be explained as a process of convergence to a world steady-state rate of 1%/year. I find that each additional year of average schooling...

We estimate the direct and external effects of levels of schooling on personal income in Ecuador in 2011, using data for 69,653 individuals in 567 municipalities. Using a Mincerian model that includes municipal levels of schooling and the size of the municipality and controls for endogeneity, we...

Annual growth in GDP/adult in Japan has declined from over 10% in 1969 to an average of 1% since the financial crisis in 1991. I show that a dynamic Solow growth model, augmented with human capital, weekly labor-hours, and oil prices, explains Japan’s annual growth rates from 1969 to 2007 as...

Resumen:En este trabajo se propone avanzar en la reflexión teórica y metodológica en torno a los componentes socioculturales que impactan los procesos de emprendimiento empresarial. El propósito de este trabajo es invitar a reflexionar sobre la pertinencia metodológica de asumir el enfoque...

Resumen: En este trabajo se hará una presentación de los elementos teóricos propuestos en los planteamientos hechos por R.Coase (1937, 1960, 1994) y O. Williamson (1981, 1991); destacando sus contribuciones analíticas en el campo de la Estrategia Empresarial Corporativa, además de...

RESUMENEn el presente trabajo se propone hacer un recorrido comparativo entre los enfoques micro y macro-analítico de la Economía Institucional, a partir de la aplicación que se hace de los costos de transacción en los estudios de creación de empresa.Para esto se recurrirá a los...