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...

Steven Morrison Steven [email protected] A common definition of an insurer’s economic capital requirements is based around a 1-year Value at Risk (VaR) metric. This defines capital requirements in terms of some tail percentile (typically the 99.5th percentile) of the market-consistent value of the insurer’s balance sheet in 1 year’s time. The problem of estimating such a metric naturally le...

Moving on from [Coleman, J.S., 1990. Foundations of Social Theory. Belknap Press of Harvard University Press, Cambridge, MA, London] and [Putnam, R.D., Leonardi, R., Nanetti, R.Y., 1993. Making Democracy Work Civic Traditions in Modern Italy. Princeton University Press, Princeton, NJ, Chichester], an ever-growing literature claims that repeating trustful interactions in the economy do sediment ...

During the past half century, theorizing about economic growth has forced economists to reconsider and revise the capital concept a number of times. This paper explores the analytical relationship between capital accumulation and economic growth, on the one hand, and the natural world, on the other. Section 1 sketches modern growth theory with an emphasis on whether or not the economy is seen a...

Many studies have been conducted on the relationship between education as an indicator of human capital and economic growth in our country. However, there have been a few studies regarding the simultaneous impact of health capital and education indicators on the economic growth of the provinces up to now. In this regard, the present study examined the impact of human health indicators and educa...

THE CURRENT DISCUSSION of capital formation in the United States reflects a general belief that investment has been inadequate during the 1970s and that this shortfall explains a large part of the current economic difficulties. The productivity slowdown, in particular, is often blamed on the failure of investment to keep the capital stock growing as fast as the number of workers. Specific concl...

Financial institutions are increasingly using economic capital models to help determine the amount of capital they need to absorb unexpected losses. These models typically aggregate capital based on business-level analysis. However, important challenges surround this aggregation as well as other aspects of these models. Supervisors could use these capital calculations when they assess capital a...

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...