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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....
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The motivation for sustainable development is universal but strides to achieve it have been mixed in the literature with some schools of thought's position that economic growth is anti-sustainable development. The crux of this study is to examine the coordinating role (as engine) of human...
Persistent link: https://www.econbiz.de/10011664853
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...
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