Some evidences and theories point to the existence of a relationship between economic growth and current account balance. According to this approach, the external sector performance is a key element for an economy to reach sustainable rates of investment and economic growth. On the other hand,...

The accumulation of human capital plays a crucial role in growth theories and it is incorporated in the growth models in a very simplified way. Therefore it does not take into account the economic development process complexity. They consider that the amount of human capital is an important...

The theoretical foundation for this text is the one presented by Florida (2002a, 2002b, 2005). He discusses the importance of a vibrant society and also of a highly diversified population for the attraction of talented and creative people. This attraction would promote a concentration of this...

The objective of this study is to evaluate the different channels in which human capital affects income level and growth and to use a proxy of human capital variable that incorporates quantitative and qualitative aspects of this factor. The human capital proxy that will be used is years of...

This paper analyses the effects of agricultural income determinants, in particular of human capital and physical capital. One of its purposes is to evaluate the possible overestimation of the effect of education in income equations that do not include any measure of wealth. Besides all the...

The role of human capital on the development process has been recognized as a crucial element by many researchers. Nevertheless, many empirical results have showed no correlation between human capital and income per capita level or between human capital and growth rates. It is argued that the...

One of the main socioeconomic problems observed in most countries – particularly in less developed countries – is the presence of high income inequality and poverty level. Several empirical works have attempted to analyze their major determinants as well as their effect on some indicators...

Human capital seems to be an extremely important feature to be disregarded in the evaluation of this factor impacts on income per worker (rate of growth and level). This is the reason for the emergence of many recent studies which includes this variable in the empirical analyses as studies...