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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Role of Education and Skill Development for Sustainable Development
Chakrabarty, Aritra - Volkswirtschaftliche Fakultät, … - 2012
second largest economy by 2050. These robust projections have much to do with the demographic profile of the country. India …, in order to utilize this „demographic dividend* effectively, India needs to impart adequate and appropriate skills to its … workforce. The education system churns out students that are not immediately employable and skill up-gradation on the job is low …
Persistent link: https://www.econbiz.de/10011111520
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Private versus social returns to human capital: Education and economic growth in India
Schündeln, Matthias; Playforth, John - In: European Economic Review 66 (2014) C, pp. 266-283
hypothesize that in India educated people find privately rewarding jobs in a sector in which social returns are low, namely the … based on an analysis of state-level data from India spanning 40 years. …
Persistent link: https://www.econbiz.de/10011048575
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A Simple Complementary Development Mechanics for African Countries
Dinda, Soumyananda - Volkswirtschaftliche Fakultät, … - 2009
This paper provides a simple development mechanism for African nations, where economic development is low due to not only low level of physical capital but also poor social capital that leads to lot of conflicts. The study suggests for development of social capital, which is a broader concept...
Persistent link: https://www.econbiz.de/10011114250
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Human Capital, Economic Growth, and Inequality in China
Heckman, James J.; Yi, Junjian - Institute for the Study of Labor (IZA) - 2012
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...
Persistent link: https://www.econbiz.de/10011279336
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The long-run Relationship between Human Capital and Economic Growth in Sweden
Awel, Ahmed Mohammed - Volkswirtschaftliche Fakultät, … - 2013
The relationship between education and economic growth has been one of the fundamental themes of economic analysis. Despite the growing interest in the relationship between growth and education, and despite the strong theoretical foundations for a key role of education/human capital in economic...
Persistent link: https://www.econbiz.de/10011108298
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Increases in human capital and growth: new data, more conclusive results.
Breton, Theodore - UNIVERSIDAD EAFIT - 2012
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.
Persistent link: https://www.econbiz.de/10010762761
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Education and Economic Growth: A Meta-Regression Analysis
Benos, Nikos; Zotou, Stefania - Volkswirtschaftliche Fakultät, … - 2013
This paper surveys the literature that examines the effect of education on economic growth. Specifically, we apply meta-regression analysis to 56 studies with 979 estimates and show that there is substantial publication selection bias towards a positive impact of education on growth. Once we...
Persistent link: https://www.econbiz.de/10011107811
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A renaissance for social mobility and its significance for the bridge towards postsecondary education
Ritzen, Jo - United Nations University-Maastricht Economic Research … - 2011
background. We address this question in the context of the transition from high school to postsecondary education. This paper is …
Persistent link: https://www.econbiz.de/10010712018
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Financial Hurdles for Human Capital Accumulation: Revisiting the Galor-Zeira Model
Jun, Bogang; Hwang, Won-Sik - Volkswirtschaftliche Fakultät, … - 2012
Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. We expand the...
Persistent link: https://www.econbiz.de/10011259657