Regional economies and market integration
Article Abstract:
The consequences of regional differences in population and per capita human capital on income levels and economic growth rates are studied. Sufficient levels of human capital heterogeneity can limit specialization and prevent the creation of large markets. The model is composed of static and dynamic agglomeration economies of market participation. Human capital heterogeneity reduces per capita income and economic growth rates. However, increase in human capital will ultimately reduce heterogeneity and therefore induce market expansion.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1996
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Specific human capital, monitoring costs and the organization of work
Article Abstract:
The way work is organized is linked to cost and assessment relationships. Employment relationships vary. Some workers are paid by output and others paid by input. They may also be spot workers with variable pay or contractual workers with greater pay stability. Workers are more likely to be paid for output if it is difficult to monitor them. This is true for spot workers and for contractual workers. Contractual employment relationships are more common if training is important, and this is true whichever pay system is used.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1996
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From decay to growth: a demographic transition to economic growth
Article Abstract:
A model is developed that generates a Malthusian regime and a perpetual growth regime, and income convergence within development regimes. This model also provides a demographic shift to economic growth and faster growth for late developers compared to early developers. These are the consequences of an increasing rate of return to human capital investment and of a conditional external effect of human capital in investment exceeding a human capital threshold.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1996
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