Human capital in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. The relationship between economic growth and human capital has been long recognized. Many studies especially in Western economies have shown that human capital has a positive impact on economic growth. However, ec...

Fiscal decentralization gives local governments the authority to use revenues finance expenditure, one of which is expenditures intended improve quality human development. This study aims analyze effect Local Own Source Revenue (PAD), Special Allocation Funds (DAK), and Surplus Budget Financing (SiLPA) on Human Development Index (IPM) through capital expenditure districts/cities in North Sumatr...

This paper analyzes human capital investment decision and location choice, focusing on the intergenerational interactions within a family in an economy where geographic concentrations of high technology industries and high-level service sectors are proceeding. For highly educated young adults searching for job opportunities is much more frequently accompanied by long distance migrations, someti...

This paper empirically explores the R&D promotion policy effects on SME performance measured by value-added productivity. We use a unique large panel data set on public R&D subsidy for Korean manufacturing firms. Econometrically, we control for counter-factual outcomes employing the DID (difference in differences) estimation procedure as well as for endogeneity of the R&D subsidy using the 2-st...

This paper explores the role of imports as a mechanism of transmission of international technological spillovers and the significance of these for the growth and economic convergence of the OECD countries. For this purpose a growth model is estimated that includes amongst its determinants a measure of the stock of technological knowledge. The results reveal first that international technologica...

abstracta number of economists argue that the capital expenditure has a positive impact and the current expenditure has negative impact on output while others believe that the government expenditure, regardless of being current or capital spending, has a negative impact on the economy. in this direction, this paper tries to investigate the impact of current and capital government expenditure on...

A static, generalized input± output framework for calculating simple multipliers is presented for Australian data. In this framework, capital investment and imports are internalized into domestic inter-industrial intermediate demand, non-square matrices are introduced in order to enable the inclusion of ® ner detail commodity data, and matrices in both monetary and physical units are employed. ...

The aim of this paper is to assess the impact of information technology (IT) on the productivity and efficiency of manufacturing industries in Iran. So, the data will be collected from 23 Iranian manufacturing industries during “2002–2006” and the methods such as DEA and panel data used to study the subject. Results obtained by the above two methods represent that IT has a positive and statisti...

This paper presents estimates of the impact of exchange rate movements on the industry-level price of investment goods using a panel of OECD countries. An exchange rate depreciation (appreciation) causes a significant rise (fall) in the prices of the investment goods used by most industries, but the magnitude of this effect differs greatly across sectors. A currency depreciation causes a strong...