What are the least developed countries? -- Continuity and change in the least developed countries category -- How has the application of inclusion and graduation criteria affected the least developed countries list? -- Least developed countries and growth economics: why no convergence? -- The...

The paper is based on an individual life-cycle model, which describes the purely economic components of human capital. The present value of human capital is determined by all future income flows, which at the same time constitute the individual as well as the total tax base of a nation....