, implying a fairly high degree of substitutability. Furthermore, changes in trade openness and private sector investment have a …

for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth … for producing new products stimulates more rapid capital accumulation in developing countries, even after holding fixed … measured TFP. His findings suggest that while rapid accumulation of physical and human capital may have characterized the East …

currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …

authors find that the stock of human capital, the level of domestic innovation and technological adaptation, and the level of …-term economic growth. More specifically with regard to the growth effects of the human capital stock, they find that an increase of …