This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …

Infrastructure is the economic growth theory of the market economy. The missing comprehensive approach to … constitute a system in the sense of systems theory. Personal infrastructure of today may determine economic growth in the medium …

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each … acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …

A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with …

capital externalities, integration and the ensuing agglomeration of skilled labour can cause a decline in human capital and …

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of … economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …