Simeonova-Ganeva, Ralitsa - In: Economic Thought journal (2010) 7, pp. 131-149
Human capital has been considered as a factor in the macroeconomic production function for the first time in the seminal work of Lucas (1988). Later on, it was also used as a regressor in the empirical analysis of Mankiw, Romer and Weil (1990). Over the past twenty years, economists have...