In this paper we show that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias. Using data for about 130 countries, we show that after inclusion of variables related to the social capabilities concept of Abramovitz (1986) i.e....

Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and...

Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...

Using an endogenous-growth, overlapping-generations framework in which human capital is the engine of growth, we trace the dynamic evolution of income and fertility distributions and their interdependencies over three endogenous phases of economic development. In our model, heterogeneous...

Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...

Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present in come differences, and, in...

Process of economic growth and development has been shifted towards new strategies of entrepreneurship, institutional developments and market development. The shifting of development process towards new strategies needs human capital, developed infrastructure and effective policy reforms. This...

The human development approach to development and growth as proposed by UNDP in 1990 is a widely accepted approach all over world. This paper in this connection is an attempt to describe in details about evolution of the concept of human development, its emergence as an approach to development...

How have economic development, employment, and labour markets in Asian countries interacted since the publication of Myrdal's Asian Drama? Myrdal rejected, the western approach to and definition of employment and emphasized the role of "informal" employment, but he underestimated the effects of...