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empirical support: knowledge is the key to a country’s development. Of course, every country acknowledges the importance of … skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. - Hanushek … growth puzzle” and the “East Asian miracle” can be explained by these regions’ knowledge capital. Turning to the policy …
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Knowledge Capital and Growth -- 4 Causation -- 5 Developing Countries -- 6 Developed Countries -- 7 The Economic Value of … Educational Reform -- 8 Policies to Improve Knowledge Capital -- Notes -- References -- Index …
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This paper examines whether growth regressions should incorporate dualism and structural change. If there is a differential across sectors in the marginal product of labour, changes in the structure of employment can raise aggregate total factor productivity. The paper develops empirical growth...
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The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...
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