Market failures in human capital investment and innovation explain the main features of human development and economic growth. This is shown in a Schumpeterian multi-country model with technology transfer and trade. Thus, only institutions expanding investments in nutrition, education, health,...

The migration of labor out of rural areas and the flow of remittances from migrants to rural households is an increasingly important feature of less developed countries. This paper explores ways in which migration influences incomes and productivity of land and human capital in rural households...