Issues in economic growth and development: human capital vs. human resources

Article Abstract:

This article asserts that government spending and private investment are complimentary to one another, since they target different populations and needs and maintain different impressions of their actions. The author discusses the distinctions between the investment in human capital and the development of human resources; he also suggests that giving weight to the socially disadvantaged through welfare would most likely lead to a discrepency between optimal social and private rate of investment.

Social aspects, Economic aspects, Human resource management, Human capital

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Capital formation and economic growth

Article Abstract:

This article discusses the importance of the formation of capital and investment in economic development using econometric technique of time series data. The authors test for Granger causality between capital and aggregate output using data from 68 countries taken between 1950-1990; findings reveal that causlity is more likely to run from growth to capital investment rather than the other way around.

Evaluation, Capital

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