In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries … without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital … and human capital rise together, and 3) Human capital is the factor most likely to limit growth. I specify Schultz …

In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries … without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital … and human capital rise together, and 3) Human capital is the factor most likely to limit growth. I specify Schultz …

largely determined its economic growth over the 1910-2000 period …

In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries … without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital … and human capital rise together, and 3) Human capital is the factor most likely to limit growth. I specify Schultz …