A region’s competitiveness is the product of its creative, attractive and maintenance activities which may increase its influence, assuming that for a sustainable economic development there are needed both the existence of resources and the implementation of some policies conductive to...

We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...

The developing countries multiply incentive policies to attract foreign direct investment, to benefit from positive effects of "spillovers".. The objective of our paper is to check first whether the impact of these flows is automatic or otherwise requires a number of conditions within the host...

We estimate a Cobb-Douglas function using Moroccan data, over the period 1976-1995 and considering two inputs, capital (GFCF) and labor (educational attainment of the workforce). The results show that physical capital and human capital have mostly a positive impact on economic growth. Moreover,...

In times of sweeping demographic changes, policy makers and business executives in mature economies perceive workforce aging as one potential threat to the capacity for innovation and technological progress. However, evidence for age-dependency in innovative performance is still scarce. Pressing...

This study advances on previous research training and turnover in two ways. First, insights from the human capital perspective are contrasted with insights from the commitment perspective. Second, several aspects of training are simultaneously studied in one model: training intensity (incidence...

This article surveys the theoretical and empirical literature on investment in human capital and the effect of public policies. Empirical literature shows that education carries considerable amount of risk and only 9 per cent of the variability of the returns to college education are...

This paper studies the interaction between technology, a publicly available input that flows in from abroad, and human capital, a private input that is accumulated domestically, as the twin engines of growth in a developing economy. The model displays two types of long run behavior, depending on...

Recent microfinance crises have put into question the effectiveness of microfinance for poverty alleviation. In this context, non-financial services supplied by microfinance institutions re-emerge as a mechanism to strengthen microfinance’s effect on wellbeing through human capital formation....

Causes of economic, legal and political problems and high rates of unemployment in the RH (Republic of Croatia) are a result of arguably the wrong processes of investment by the state, primarily in physical capital (red curve), instead of people (blue curve), which means that at the national...