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.
Publication Name: International Journal of Applied Economics and Econometrics
Subject: Economics
ISSN: 0971-8281
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: International Journal of Applied Economics and Econometrics
Subject: Economics
ISSN: 0971-8281
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Natural disasters, economic development, and humanitarian aid. Heuristics and biases in retirement savings behavior
- Abstracts: Women's work and economic development. Whatever happen to the Cambridge Capital Theory controversies?
- Abstracts: European Union enlargement and pollution: why caution is necessary. How fit are the candidates for EMU?
- Abstracts: Reasoning in economics and psychology: why social context matters. Inclusive and exclusive social capital in the small-firm sector in developing countries
- Abstracts: Partisan policies, macroeconomic performance and political support. A model of exchange rate crises with Partisan Governments