HOW DOES HUMAN CAPITAL AFFECT ECONOMIC GROWTH? pdf
How Does Political Instability Affect Economic Growth? pptx
... 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/11/1219 ... homogeneity is favorable to human capital accumulation. Finally, openness to trade has positive effects on human capital accumulation. Table 9. Political Instability and Human Capital Growth (1) ... stock of physical capital per capita, A is TFP, and h is the amount of human capital per capita. The individual contributions to GDP per capita growth from physical and human capital accumulation...
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Tài liệu Democracy and Economic Growth pdf
... 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 capital included 0.63 0.48 0.68 0.47 ... be explored through the variables Human Capital, Physical Capital, Ecofreedom, Inequality, Instability, Govt Size, Openness and Inflation. Human and physical capital are particularly important,...
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Tài liệu Corruption, Democracy, and Economic Growth pdf
... determining economic growth. Studies show, however, that democracy has onlyindirect effects on growth, while corruption is generally accepted byscholars as having a direct and negative impact on economic ... show that corruption has no significanteffect on economic growth in democracies, while non-democracies suffersignificant economic harm from corruption.Keywords: • Corruption • Democracy • Economic ... benefits, bothpolitical and economic. The economic benefits are not entirely clear, however.Several writers have argued that democracy has positive effects on economic growth for a variety...
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Tài liệu The Effect of Social Trust and Economic Growth pdf
... 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. Coleman (1988) ... effect of social trust on economic performance depends, however, on the development level of the country. Moreover, the analysis provides further evidence that human capital and legal quality...
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Tài liệu INNOVATION AND ECONOMIC GROWTH pdf
... 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” I mean, how ... research does eventually lead to a new, valuable product concept, many further questions remain to be addressed: 3. How well will the new product perform, not only technologically, but in economic...
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HUMAN DEVELOPMENT AND ECONOMIC GROWTH potx
... notion of human capital. Thus, to the extent that human 6development 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, it is the level of human development ... governments, economic growth willenhance human development. This paper analyzes these relationships and the two-way linkagesinvolved. Keywords: Economic Growth, Human DevelopmentJEL Codes: O15, O11Human...
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TAXATION AND ECONOMIC GROWTH pdf
... EXPECT TAXES TO AFFECT GROWTH? A THEORETICALBefore jumping into the morass ofempirical evidence, it is useful to firstask the question: How does tax policy affect economic growth? By discourag-ing ... increase the stockof human capital by 4.8 percent. Inequilibrium, maintaining that higherlevel of human capital requires an extra4.8 percent additional net investment in human capital. Suppose ... tax policy,however distortionary, has no impact onlong-term economic growth rates, evenif it does reduce the level of economic output in the long-term.So then how can taxation affect outputgrowth...
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The Role of Education Quality in Economic Growth* pdf
... 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 labor force, which increases ... and Economic Growth Given the microeconomic evidence of the productivity-enhancing effects of education, it seems natural to extend the view to the macroeconomic perspective of long-run economic...
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How and Where Capital Account Liberalization Leads to Economic Growth
... 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, capital accumulation ... firms, however, is made a function of aggregate capital stock. Capital accumulation triggers a learning process which, being a public good, raises efficiency in the economy. It is possible to show...
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