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dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date.available2014-06-17T16:08:25Z
dc.date.issued2014-01-01
dc.identifier.urihttp://hdl.handle.net/10784/2646
dc.description.abstractIn 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’s theory mathematically and test it in periods when global financial capital was highly mobile. I find that in 1870, 1910, and 2000, the average schooling attainment of the adult population largely determined the stock of physical capital/capita and GDP/capita in 42 market economies.eng
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.titleA Human Capital Theory of Growth: New Evidence for an Old Ideaeng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPaper
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.type.localDocumento de trabajo de investigaciónspa
dc.subject.keywordHuman Capitaleng
dc.subject.keywordSchoolingeng
dc.subject.keywordCapital Investmenteng
dc.subject.keywordEconomic Growtheng
dc.subject.keywordSolow Modeleng
dc.subject.keywordMarket Economieseng
dc.rights.localAcceso abiertospa
dc.date.accessioned2014-06-17T16:08:25Z
dc.type.hasVersiondrafteng
dc.identifier.jelE13
dc.identifier.jelI21
dc.identifier.jelO11
dc.identifier.jelO15
dc.identifier.jelO41
dc.contributor.authorBreton, Theodore R.spa


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