physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …

This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …

In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries … without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital … and human capital rise together, and 3) Human capital is the factor most likely to limit growth. I specify Schultz …

relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …

between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …