Download or read book Network Effects in a Human Capital Based Economic Growth Model written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growth and Human Capital written by Tiago Cavalcanti and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in education and on average human capital of the household's network neighborhood. Network structure is crucial for both the long run outcomes and the transition of otherwise identical economies. Network cohesion above a certain threshold eliminates differences across households and leads to long run equality, while below the threshold, inequality is high and persists more often. During transition, (i) high overall growth is achieved when the network has high degree centralization and the most degree central node has high initial human capital and (ii) high individual household growth is achieved when the household has low human capital relative to its neighborhood and is located in a neighborhood that has high average human capital relative to the whole economy.
Download or read book Understanding the Effects of Human Capital on Economic Growth written by Maria Anna Papakonstantinou and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding the Effects of Human Capital on Economic Growth written by Maria Anna Papakonstantinou and published by . This book was released on 2017 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade and Human Capital Accumulation written by Dörte Dömeland and published by World Bank Publications. This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides empirical evidence that trade increases on-the-job human capital accumulation by estimating the effect of home country openness on estimated returns to home country experience of U.S. immigrants. The positive effect of trade on on-the-job human capital accumulation remains significant when controlling for GDP, educational attainment, and institutional quality. It is not the result of self-selection, heterogeneity in returns to experience, English-speaking origin, or cultural background. The effect persists when restricting the sample to non-OECD countries, thereby resolving the theoretical ambiguity of whether trade increases or decreases learning-by-doing. The role of trade in generating economic growth is therefore likely to be more important than generally considered.
Download or read book Interrelationships Between Human Capital and Social Capital written by Eve Parts and published by . This book was released on 2003 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Influence of Human Capital on Economic Growth written by Riyanto Wujarso and published by Asadel Publisher. This book was released on 2023-07-09 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Influence of Human Capital on Economic Growth" delves into a comprehensive analysis of the relationship between human capital and regional financial development in West Java Province. This research covers the period from 2017 to 2019 and employs a quantitative research approach using mathematical analysis techniques. To gather data for the analysis, the book relies on secondary sources, specifically the data reports provided by the Indonesian Central Bureau of Statistics (Badan Pusat Statistik or BPS). These reports offer valuable information crucial for understanding the dynamics of regional financial development in West Java Province. The research technique utilized in this study is panel regression, specifically employing the GLS fixed-effect model approach. This statistical method allows for the examination of both cross-sectional and time series data, making it suitable for analyzing the relationship between human capital and regional financial development over a specific time period. The GLS fixed-effect model accounts for individual characteristics of each region in West Java Province, providing a more accurate estimation of the impact of human capital on financial growth. The study's findings shed light on the critical role of human capital, with a specific focus on education, in influencing economic growth in West Java Province. The estimation results highlight the significant impact of the education variable on the region's financial development, emphasizing the importance of investing in education and improving educational infrastructure to enhance the quality of the workforce and stimulate economic growth. While the relationship between human capital and financial development extends beyond education alone, the estimation results reveal education as the most dominant factor influencing financial development in West Java Province. Therefore, efforts to improve the education level of the workforce should be prioritized to enhance productivity and drive economic progress. Based on the research findings, the book proposes recommendations for the local governments in West Java Province. It suggests a substantial increase in regional expenditure allocations specifically dedicated to the education and health sectors to improve the quality of education and healthcare. By prioritizing human capital development and creating an enabling environment for skills enhancement, West Java Province can pave the way for sustainable and inclusive financial growth. "The Influence of Human Capital on Economic Growth" provides valuable insights into the impact of human capital on regional financial development in West Java Province. It emphasizes the significant role of education in fostering economic growth and calls for increased investments in education and health sectors. By prioritizing human capital development and creating an enabling environment for skills enhancement, West Java Province can pave the way for sustainable and inclusive financial growth.
Download or read book Human Capital written by Gary S. Becker and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).
Download or read book The Death of Human Capital written by Phillip Brown and published by Oxford University Press, USA. This book was released on 2020 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Human capital theory, or the notion that there is a direct relationship between educational investment and prosperity, has governed Western approaches to education and labor for the past fifty years. However, many degree recipients have experienced the opposite. This book demonstrates that the human capital story is one of a failed revolution that requires an alternative approach to education, jobs, and income inequalities. Rather than abandoning human capital theory, the book calls for a broader view of education not merely as schooling, but as the process of acquiring the skills necessary to take on a flexible range of jobs and roles. In a rapidly changing job market, workers will need to capitalize on the skills, talents, and personality traits that they have honed through a lifetime of learning, rather than their academic credentials. A controversial challenge to the reigning ideology on economics and education, this text provides important insights into the current plight of the overqualified, underemployed labor market"--
Download or read book A Multi Region Model of Economic Growth with Human Capital and Negative Externalities in Innovation written by Amitrajeet A. Batabyal and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a multi-region model and provide the first theoretical analysis of the effects of human capital use and a particular kind of innovative activity on economic growth. In each of the N heterogeneous regions in our model, consumers have constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of manufacturing activities involving the production of blueprints for inputs or machines, the inputs or machines themselves, and a single final good for consumption. Our analysis generates four salient findings. First, for each of the N regions, we define a balanced growth path equilibrium, we characterize the market clearing factor prices, and we determine the free entry condition in the R&D sector. Second, we show that without growth in human capital, there is no sustained economic growth in any of the N regions. Third, we show that human capital growth generates sustained economic growth in each of the N regions. Finally, when discussing the above three findings, we shed light on the spatial dimensions of economic growth in our multi-region aggregate economy.
Download or read book The Relations of Human Capital to Economic Growth written by Angelo Santagostino and published by . This book was released on 2014 with total page 1 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgment with which it is any where directed, or applied, seem to have been the effects of the division of labour.” This is the opening sentence of Adam Smith's Wealth of Nations. According to Smith market dimension determines the level of specialization. Specialization implies more knowledge. The final result is higher growth. After Smith, economists stopped paying much attention to human capital. Their attention was focused on population (Malthus) or on physical capital stock (neoclassical school). At the beginning of the sixties Gary Backer published his fundamental contribution to the theory of human capital. This paper examines the basic features of Backer's model. The focus is on how a country can generate a competitive advantage in the production of human capital. Human capital has grown rapidly in both the US and the EU where it represents an important component of total capital. Investment in education is thus more and more the core engine of growth in the long run. Taking into consideration Backer's theory, the paper examines the case of the EU and “Europe 2020” strategy. The paper discusses in detail the need for a quality education policy, keeping in view investments and market incentives, that are bound to guarantee the sustainability of growth.
Download or read book Knowledge and Social Capital written by Eric Lesser and published by Routledge. This book was released on 2009-11-03 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social capital - the informal networks, trust and common understanding among individuals in an organization - determines major competitive advantages in today's networked economy. Knowledge and Social Capital explains how social capital can drive collaboration, reconcile an organization's internal and external labor markets, and improve organizational effectiveness. This edited compilation of authoritative articles helps readers understand how they can build and capitalize on their own organizations' social capital. Knowledge and Social Capital teaches core principles and important strategies to a range of executives, including organizational development specialists, corporate strategists, and knowledge management professionals. Readers will learn how an organization can:
Download or read book Perspectives on Economic Growth written by L. A. Finley and published by Nova Publishers. This book was released on 2006 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considering the new possibilities offered by endogenous growth models and the improvement of data information, new variables have been introduced in the analysis of economic growth. But in spite of this important effort to develop a wider and more complete perspective of economic growth process, other kinds of relations and factors must be included. And this is the main goal of this book. In the next chapters, authors analyse a set of variables or factors that the new perspective of the economic growth must include and the canonical models don't consider. The goal is to show that there are not only quantitative but also qualitative variables and factors that are growth enhancing. Traditionally, for instance, literature has studied the effects of income distribution on growth, but it does not consider environmental constraints in the process. Or it is important to consider the effects of social capital not just physical capital or human capital on the economic growth process. The role of the institutions is very important in this area. Therefore, the authors determine the effects of these variables on economic growth process and show new possibilities to the policy makers in the design of their economic policies.
Download or read book A Model of Economic Growth with Investment in Human Capital written by Ronald Findley and published by . This book was released on 1975 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technological Change and Network Effects in Growth Regimes written by Torsten Heinrich and published by Routledge. This book was released on 2014-06-03 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new volume it is argued that network effects are much more common than usually assumed, and that they have a profound impact on many aspects of economic systems, especially technological change and economic growth. The analysis and modelling of this interrelationship is the central focus of this book. While there exists a vast body of literature on economic growth, the theories put forward so far have had limited success in explaining observed patterns of economic growth. ‘Growth cycles’ in particular continue to elude standard economic models, though evolutionary economics has made some progress. Seeking to fill the gap, Torsten Heinrich’s innovative approach uses microeconomics to explain heterogeneous sectoral dynamics on the meso level, and then aggregating these to observed macroeconomic growth rates. In this way, it is shown that an evolutionary model of technological change with network effects can explain not only commonly observed asymmetric industry structures, monopolies and oligopolies but also ‘growth cycles’. The book includes a comprehensive account of the most influential economic growth theories, a discussion of the research on network effects as well as an introduction to the methodology, the model, and a case study on the recent emergence of information and communication technology. This important new volume will be relevant to all those interested in theoretical economics, growth theory, innovation economics, agent based modelling and industry dynamics.
Download or read book Platform Revolution How Networked Markets Are Transforming the Economy and How to Make Them Work for You written by Geoffrey G. Parker and published by W. W. Norton & Company. This book was released on 2016-03-28 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to the new economy that is transforming the way we live, work, and play. Uber. Airbnb. Amazon. Apple. PayPal. All of these companies disrupted their markets when they launched. Today they are industry leaders. What’s the secret to their success? These cutting-edge businesses are built on platforms: two-sided markets that are revolutionizing the way we do business. Written by three of the most sought-after experts on platform businesses, Platform Revolution is the first authoritative, fact-based book on platform models. Whether platforms are connecting sellers and buyers, hosts and visitors, or drivers with people who need a ride, Geoffrey G. Parker, Marshall W. Van Alstyne, and Sangeet Paul Choudary reveal the what, how, and why of this revolution and provide the first “owner’s manual” for creating a successful platform business. Platform Revolution teaches newcomers how to start and run a successful platform business, explaining ways to identify prime markets and monetize networks. Addressing current business leaders, the authors reveal strategies behind some of today’s up-and-coming platforms, such as Tinder and SkillShare, and explain how traditional companies can adapt in a changing marketplace. The authors also cover essential issues concerning security, regulation, and consumer trust, while examining markets that may be ripe for a platform revolution, including healthcare, education, and energy. As digital networks increase in ubiquity, businesses that do a better job of harnessing the power of the platform will win. An indispensable guide, Platform Revolution charts out the brilliant future of platforms and reveals how they will irrevocably alter the lives and careers of millions.
Download or read book Heterogeneity and Persistence in Returns to Wealth written by Andreas Fagereng and published by International Monetary Fund. This book was released on 2018-07-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.
