A Human Capital Theory of Growth: New Evidence for an Old Idea
| dc.contributor.author | Breton, Theodore R. | |
| dc.contributor.eafitauthor | ted.breton@gmail.com | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.date.accessioned | 2014-06-17T16:08:25Z | |
| dc.date.available | 2014-06-17T16:08:25Z | |
| dc.date.issued | 2014-01-01 | |
| dc.description.abstract | 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’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.identifier.jel | E13 | |
| dc.identifier.jel | I21 | |
| dc.identifier.jel | O11 | |
| dc.identifier.jel | O15 | |
| dc.identifier.jel | O41 | |
| dc.identifier.uri | http://hdl.handle.net/10784/2646 | |
| dc.language.iso | eng | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | Human Capital | eng |
| dc.subject.keyword | Schooling | eng |
| dc.subject.keyword | Capital Investment | eng |
| dc.subject.keyword | Economic Growth | eng |
| dc.subject.keyword | Solow Model | eng |
| dc.subject.keyword | Market Economies | eng |
| dc.title | A Human Capital Theory of Growth: New Evidence for an Old Idea | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
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