education in a two-way error correction panel data analysis of cross-country growth for a set of 14 OECD countries. The central … schooling in growth regressions. The results indicate that, overall, human capital indicators based on literacy scores have a … positive and significant effect on the transitory growth path, and on the long run levels of GDP per capita and labor …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised Solow-type growth model yields some answers. In the traditional Solow model, unemployment has no long-run influence on … the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …

Contemporary views on the determinants of economic growth place education in centre stage. Yet the way in which … education affects growth is not yet well understood. This paper begins by surveying the recent literature on the factors that … affect growth, paying particular attention to education. It then proceeds to estimate a comprehensive model of growth …

. Industrialization can explain the robust correlation between equipment investment and growth in developing countries. We show that … investment and growth, and find that it is strongest in economies on the brink of industrialization. We also show that this …

This paper proposes an endogenous growth model where human capital is the engine of growth and can be transferred … these two counteracting forces into account, our model predicts that the relationship between income growth in a developing …

One of the most interesting facts about the growth of developed nations, especially of the US growth, in the last three … decades is significant growth of the ratio of the wage of skilled labor to that of unskilled labor. At the same time, existing … growth which is common to all developed countries and which can explain the greatest part of education cost ratio increase in …