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Human capital is generally considered as a positive contributor in the economic growth. In this study, we estimate this relationship using time series data of Pakistan for the period 1978 to 2007. A health adjusted education indicator for human capital is used in the standard Cobb-Douglas...
Persistent link: https://www.econbiz.de/10009019728
Benjamin W. Arold prepared this study while he was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2022 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of four distinct empirical essays that...
Persistent link: https://www.econbiz.de/10013348132
Skills, innovation and human capital as they feature prominently on the policy agenda of industrialized countries concerned with productivity and competitiveness issues. Not surprisingly, formal education is the preferred and most conventional policy instrument of governments in pursuing these...
Persistent link: https://www.econbiz.de/10005481812
In this paper, we reflect on the skills higher education graduates are expected to have in todays economy and the role of higher education in equipping graduates with these skills. First, we identify 6 trends which form the basis of the changing role of graduates in economic life. These trends...
Persistent link: https://www.econbiz.de/10010734856
In this paper, we reflect on the skills higher education graduates are expected to have in todays economy and the role of higher education in equiping graduates with these skills. First, we identify 6 trends which form the basis of the changing role of graduates in economic life. These trends...
Persistent link: https://www.econbiz.de/10010856568
We review a selection of the theoretical and empirical literature on human capital and growth that appear to provide the most relevant insights for policy development in the Canadian context. We first focus on the extension of the neo-classical growth model with the inclusion of human capital in...
Persistent link: https://www.econbiz.de/10004985520
The ongoing national reconstruction process of Eritrea is centered on the educational reformation. The Government of Eritrea has developed educational policy on top priority of national development which demands the emergence of new class of trained youth blended with disciplined mind with skill...
Persistent link: https://www.econbiz.de/10005787125
The purpose of this paper is to compare the role of human capital accumulation measured by number of years of schooling with the relative contribution of institutional capacity to prosperity. We employ several concepts of institutional quality prevalent in the literature. We discover that...
Persistent link: https://www.econbiz.de/10005789820
With the beginning of the new millennium it has become more and more apparent that education and human capital constitute a key element of modern economies. Despite the important role of human capital in modern societies, there are still many unknowns about the process of educational production...
Persistent link: https://www.econbiz.de/10005797701
Studies based on instrumental variable techniques suggest that the value of a high school education is large for potential dropouts, yet we know much less about the size of the benefiÂ…t for students who will go on to post-secondary education. To help Â…fill this gap, I measure the...
Persistent link: https://www.econbiz.de/10008511758