The accumulation of the human capital stock plays a key role to explain the economic performance across regions. However, empirical evidence for this claim has been not very convincing, probably due to low quality of the data. This paper provides a robustness analysis of alternative human...

Both the increasing mobility of capital and the globalization of enterprises has changed world markets in the last two decades. The economies of South-East Asia, especially Japan and South Korea, are no longer the work benches of the western industries, but they were very successful in catching...