Human Capital and Economic Growth

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چکیده

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Commentary: Human Capital and Economic Growth

Most of us in this room-I dare say most adult Americans-were challenged as children to "make something of ourselves," specifically to "get an education." The fervor of the plea in my own case may have been a bit unusual-you see, unlike Senator Joe Biden, I am the first in my immediate family to get a college education. But I doubt very many haven't heard somewhere along the way the clarion call...

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Long-run Economic Growth and Human Capital

Economic growth is usually viewed from a short-term perspective but it is long-term growth that has been the basis of wealth and power for nation states throughout history. It is the basis also of the additional jobs and higher living standards that we all desire today. Most economists are happy enough, I think, to be labelled ‘pro-growth’. They do argue, however, about the priority to be attac...

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People go to school and firms do R&D. These activities result in human capital accumulation and new ideas and technologies which make economies grow. We try to capture the interaction between human capital and R&D by allowing for endogenous human capital accumulation in an economy where the number of products and technologies expands because profit maximizing entrepreneurs do R&D. We find that,...

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ژورنال

عنوان ژورنال: Impact

سال: 2021

ISSN: 2398-7073

DOI: 10.21820/23987073.2021.3.58