HOW DOES HUMAN CAPITAL AFFECT ECONOMIC GROWTH? pdf

... when we add up the two coefficients for the lags of physical capital, we (continued…) How Does Political Instability Affect Economic Growth? Ari Aisen and Francisco Jose Veiga WP/11/12 19 ... homogeneity is favorable to human capital accumulation. Finally, openness to trade has positive effects on human capital accumulation. Table 9. Political Instability and Hu...

Ngày tải lên: 08/03/2014, 08:20

... if human capital is positively (negatively) related to growth, then democracy is positively (negatively) related to human capital. It is well established that human capital contributes to economic ... income included 0.75 0.44 0.73 0.45 Human Capital BV: 1 = controls for human capital included 0.66 0.47 0.68 0.47 Physical Capital BV: 1 = controls for physical capita...

Ngày tải lên: 23/12/2013, 06:17

... determining economic growth. Studies show, however, that democracy has only indirect effects on growth, while corruption is generally accepted by scholars as having a direct and negative impact on economic ... show that corruption has no significant effect on economic growth in democracies, while non-democracies suffer significant economic harm from corruption. Keywords: • Corruption...

Ngày tải lên: 20/01/2014, 10:20

... social capital increases the accumulation of human capital through the family and the society. Coleman argues that a higher endowment of social capital eases the transfer of human capital ... suggest that social trust affects economic- judicial governance but not electoral institutions. Also, social trust has shown to be influential on the accumulation of human capital. C...

Ngày tải lên: 20/02/2014, 16:20

... about how much a growth in a unit of labour and how much a growth in a unit of capital should add to the output of the economy. It turned out that the measured growth of inputs (i.e., in capital ... 4. How rapidly will performance improve and how rapidly is the cost of production likely to decline? 5. How appropriable is the product for the innovating firm? By “appropriable...

Ngày tải lên: 20/02/2014, 19:20

Ngày tải lên: 07/03/2014, 02:20

... notion of human capital. Thus, to the extent that human 6 development is necessarily correlated with human capital and human capital affects the economic growth of a nation, human development ... differentiates human development from human capital in endogenous growth theory. While changes in human capital and labour quality matter most for endogenous growth...

Ngày tải lên: 08/03/2014, 06:20

... EXPECT TAXES TO AFFECT GROWTH? A THEORETICAL Before jumping into the morass of empirical evidence, it is useful to first ask the question: How does tax policy affect economic growth? By discourag- ing ... increase the stock of human capital by 4.8 percent. In equilibrium, maintaining that higher level of human capital requires an extra 4.8 percent additional net investme...

Ngày tải lên: 08/03/2014, 06:20

... between changes in education and economic growth. Even more recently, Ciccone and Papaioannou (2005) find strong support for both the human capital level and the human capital accumulation effects ... least three mechanisms through which education may affect economic growth. First, just as in the micro perspective, education increases the human capital inherent in the labo...

Ngày tải lên: 08/03/2014, 08:20

... Should be Regulated", Economic Journal, 106(436), pp. 698-707. Easterly, W.R. (1993), " ;How Much Do Distortions Affect Growth?& quot;, Journal of Monetary Economics, 32(2), pp. 187-212. ... importantly to lead economic growth" (op. cit., p. 730). They, thus, show that the level of financial intermediation is a good predictor of long-run rates of economic growth...

Ngày tải lên: 24/10/2012, 08:50