Economic freedom and human capital investment
نویسندگان
چکیده
منابع مشابه
Chapter 2 : Economic Freedom , Investment , and Growth
Since the time of Adam Smith, the topic of cross-country differences in income levels and growth rates has generated both extensive and heated debate. Many economists have argued that free economies—those that rely primarily on market arrangements—will outperform those that rely more extensively on government intervention and political direction. Is this proposition really true? The Economic Fr...
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The literature relates human capital costs to firm leverage (Berk, Stanton, and Zechner (2010) and Chemmanur, Cheng, and Zhang (2013)) and mergers and acquisitions (Lee, Mauer, and Xu (2017)). In this paper, we study the relation between a firm’s human capital costs and investment policy. We first present a simple theoretical setting to illustrate the positive effects of risky investment on ave...
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Health and education are both components of human capital and contributors to human welfare. One index of human welfare, which incorporates income, education and health, shows that Africa’s level of ‘human development’ is the lowest of any region in the world. In this paper we will frequently compare Africa with South Asia. While Africa’s level of human development is lower than that of South A...
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In recent years the human capital earnings model has been widely used as a framework for examining the determination of earnings. A specification of the human capital earnings function developed by Chiswick and Mincer has been employed to examine earnings determination across individuals [Mincer, 1974b], states [Chiswick, 1974], metropolitan areas [Hirsch, 1978], occupations [Rahm, 1971], and o...
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ژورنال
عنوان ژورنال: Journal of Institutional Economics
سال: 2016
ISSN: 1744-1374,1744-1382
DOI: 10.1017/s174413741600028x