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Persistent link: https://www.econbiz.de/10011504322
Productivity is a most important determinant of national wealth and standards of living. Scholars have shown that different welfare production regimes pursue distinct human capital formation policies to promote productivity. But do those government policies actually promote the productivity of...
Persistent link: https://www.econbiz.de/10014168510
Persistent link: https://www.econbiz.de/10013161950
development (human development index, HDI) using generalized estimation equations and accounted for the unit interval property … of 2,568 observations from 135 countries for 1990-2019, we found a strong and positive effect of IDP on HDI. Thus, there … is a nexus between IDP and human development. The 4% elasticity of the IDP, confirms the broader scope of the HDI than …
Persistent link: https://www.econbiz.de/10013263008
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This paper investigates the relationship between human capital and economic growth in Pakistan with time series data. Estimated with the Johansen (1991) approach, the aggregate production function rejects one version of the endogenous growth formulation. But the fitted model indicates that the...
Persistent link: https://www.econbiz.de/10010322752
Human talent is a key economic resource and a source of creative power in science, technology, business, arts and culture and other activities. Talent has a large economic value and its mobility has increased with globalization, the spread of new information technologies and lower transportation...
Persistent link: https://www.econbiz.de/10010323516
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
A comparative-static model describes the decline of manufacturing in the face of rising overseas employment through a mechanism other than the Dutch Disease. Instead it is competition for skilled labour and the relative ease in producing skills that affect the size of the manufacturing sector,...
Persistent link: https://www.econbiz.de/10010333559
This paper links the two fields of 'development traps' and 'brain drain'. We construct a model which integrates endogenous international migration into a simple growth model. As a result the dynamics of the economy can feature some underdevelopment traps: an economy starting with a low level of...
Persistent link: https://www.econbiz.de/10010335994