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Military expenditure in developing countries raises complex questions regarding growth, development, security and governance. This chapter provides an analytical survey of the effects and causes of defense spending in developing economies. Using stylized facts, theoretical models and empirical...
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known about the private return to education, much less is known about the more important question of what happens to … of human capital can benefit society in ways that are not fully reflected in the private return of education. Human … individual productivity. Furthermore, increases in education can reduce criminal participation and improve voters political …
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This paper applies functional regression to precise geo-coded register data to measure productivity spillovers from high-skilled workers. We use a smoothing splines estimator to model the spatial distribution of high-skilled workers as continuous curves. Our rich panel data allows us to address...
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