This chapter presents a method for modeling the dynamics of changes in human capital as measured by educational attainment. The methodological basis for this approach, known in demography as multi-state methods, was developed in the 1970s at the International Institute for Applied Systems Analysis (IIASA). Originally developed for the simultaneous projections of the populations of subnational r...

We investigate the impact of different privatisation methods on economic growth in transition economies. A growth equation is estimated on annual data for 23 countries during the period 1990-2001. GDP growth is found to be positively related to employment, capital and human capital growth, as well as private sector and capital market development. It is found that mass privatisation has a signif...

The paper outlines a new pluralistic method for analyzing, assessing and improving corporate governance structures in their traits relevant both for financial and for human capital providers. The framework seeks to enlarge the rather universalistic approach to governance structures ‘ranking’ used in the economic (principal-agent) approach, introducing sensitiveness to some relevant contingencie...

recently, economists have attention to the brain drain as emigration of skilled and educated labor force from developing countries. in this case, we are dealing with one main question is: how brain drain can affect the human capital of source countries? based on existing theories, brain drain can affect the economy of source countries in different ways such as; direct reduction of human capital...

background: because of the close relationship between economic growth and welfare of the societies many economists have been seeking to identify the sources of economic growth. human capital through enhancing workforce skills and quality, increases the amount of workforce income which consequently leads to economic growth. methods: this study is based on data from the social accounting matrix o...

This study investigates the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms. Operating profit is used as the measure of success. Human capital is captured by individual-level professional education, start-up experience, and learning. Whereas the first two dimensions of human capital are measured with traditional indicators, we...

In this paper, I develop a new measure of human capital stock that has two advantages over previous measures. First, it allows for the fact that the cost of education varies across time, countries, and levels. Second, the unit of measurement is dollars, which allows comparison of human capital stocks with other macroeconomic variables, including national income (GDP) and physical capital stocks...

This paper empirically analyzes the nonlinear relation between real GDP growth per capital and public debt by employing ADL test for threshold cointegration method. Empirical results show that there exists a threshold cointegration relationship between public debt and real GDP growth per capital. In case of the empirical results, cutting public debt could boost economic growth in the long-term....