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Schooling and National Income: How Large Are the Externalities? Revised Estimates
Breton, Theodore - UNIVERSIDAD EAFIT - 2010
This article presents revised estimates of the external rates of return on investment in schooling provided in Schooling and National Income: How Large Are the Externalities?" The analysis is based on data for the same set of countries, but it incorporates methodological improvements that yield...
Persistent link: https://www.econbiz.de/10010762830
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Schooling and National Income: How Large Are the Externalities? Corrected Estimates
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2010
This article presents revised estimates of the external rates of return on investment in schooling provided in “Schooling and National Income: How Large Are the Externalities?” The analysis is based on data for the same set of countries, but it incorporates methodological improvements that...
Persistent link: https://www.econbiz.de/10010786387
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Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2010
This article presents revised estimates of the external rates of return on investment in schooling provided in “Schooling and National Income: How Large Are the Externalities?” The analysis is based on data for the same set of countries, but it incorporates methodological improvements that...
Persistent link: https://www.econbiz.de/10010827912
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Were Mankiw, Romer, and Weil Right? A reconciliation of the Micro and Macro Effects of Schooling on Income.
Breton, Theodore - UNIVERSIDAD EAFIT - 2011
The marginal product of human capital in Mankiw, Romer, and Weil´s [1992] augmented Solow model measures the direct and two external effects of human capital created from schooling on national income. If this model is valid, its estimates of the share of this marginal product accruing to...
Persistent link: https://www.econbiz.de/10010762805
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A Human Capital Theory of Growth : New Evidence for an Old Idea
Breton, Theodore R. - 2014
In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital and human capital rise together, and 3) Human...
Persistent link: https://www.econbiz.de/10013052248
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A Human Capital Theory of Economic Growth: New Evidence for an Old Idea
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2014
In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital and human capital rise together, and 3) Human...
Persistent link: https://www.econbiz.de/10010786393
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A Human Capital Theory of Growth: New Evidence for an Old Idea
Breton, Theodore R. - UNIVERSIDAD EAFIT - 2014
In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital and human capital rise together, and 3) Human...
Persistent link: https://www.econbiz.de/10011123723
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Schools Before Tools? The Role of Human Capital in a Market Economy
Breton, Theodore R. - 2014
This paper tests the hypothesis that in a market economy investment in physical capital follows investment in schooling. It presents empirical evidence that in periods since the 19th century when global financial capital was widely available, increases in each nation's physical capital stock and...
Persistent link: https://www.econbiz.de/10013070849
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Were Mankiw, Romer, and Weil Right? A Reconcilation of the Micro and Macro Effects of Schooling on Income
Breton, Theodore R. - 2014
The marginal product of human capital in Mankiw, Romer, and Weil's [1992] augmented Solow model measures the direct and two external effects of human capital created from schooling on national income. If this model is valid, its estimates of the share of this marginal product accruing to workers...
Persistent link: https://www.econbiz.de/10013070866
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The long-run Relationship between Human Capital and Economic Growth in Sweden
Awel, Ahmed Mohammed - Volkswirtschaftliche Fakultät, … - 2013
The relationship between education and economic growth has been one of the fundamental themes of economic analysis …. Despite the growing interest in the relationship between growth and education, and despite the strong theoretical foundations … for a key role of education/human capital in economic growth, the empirical evidences, particularly those using causality …
Persistent link: https://www.econbiz.de/10011108298