Contribution of Human Capital Accumulation to Canadian Economic Growth PDF Download
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Author: Audra J. Bowlus
Publisher:
ISBN:
Category : Gross domestic product
Languages : en
Pages : 21
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Book Description
This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada. GDP growth is decomposed into contributions from physical capital, hours worked, human capital supplied per hour and total factor productivity. Using a "flat spot" identification strategy, we separately estimate the price and quantity of human capital using wage data from the Labour Force Survey. We find that growth in human capital supplied per hour explains around one-fifth of GDP growth and two-thirds of the Solow residual over the period from 1997 to 2018. While growth in hours worked is expected to slow down in the near future, human capital supplied per hour is expected to continue to be an important driver of GDP growth.
Author: Audra J. Bowlus
Publisher:
ISBN:
Category : Gross domestic product
Languages : en
Pages : 21
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Book Description
This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada. GDP growth is decomposed into contributions from physical capital, hours worked, human capital supplied per hour and total factor productivity. Using a "flat spot" identification strategy, we separately estimate the price and quantity of human capital using wage data from the Labour Force Survey. We find that growth in human capital supplied per hour explains around one-fifth of GDP growth and two-thirds of the Solow residual over the period from 1997 to 2018. While growth in hours worked is expected to slow down in the near future, human capital supplied per hour is expected to continue to be an important driver of GDP growth.
Author: Andreas Savvides
Publisher: Stanford University Press
ISBN: 0804769761
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
This book provides an in-depth investigation of the link between human capital and economic growth. The authors take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital. The text fosters a deep understanding of the connection between human capital and economic growth through the exploration of different theoretical approaches, a review of the literature, and the application of nonlinear estimation techniques to a comprehensive data set. The authors discuss nonparametric econometric techniques and their application to estimating nonlinearities—which has emerged as one of the most salient features of empirical work in modeling the human capital-growth relationship, and the process of economic growth in general. By delving into the topic from theoretical and empirical standpoints, this book offers an insightful new view that will be extremely useful for scholars, students, and policy makers.
Author: Ms.Sonia Brunschwig
Publisher: International Monetary Fund
ISBN: 1451981147
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
This paper analyzes the impact of human capital on growth, on the basis of refined calculations of human capital, and with a focus on West Africa. Using a growth-accounting methodology, it distinguishes the sources of growth between the accumulation of factors of production and changes in production intensity or efficiency. Private capital is found to be particularly important to growth, but human capital appears not to be significant. The paper also identifies the terms of trade, trade openness, the government deficit, and the share of government investment in total investment as key policy variables affecting growth.
Author: Alberto Bucci
Publisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.
Author: Serge Coulombe
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 50
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Book Description
Author: Miguel Angel Santos
Publisher: Cambridge University Press
ISBN: 110898231X
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
The empirical literature on the contributions of human capital investments to economic growth shows mixed results. While evidence from OECD countries demonstrates that human capital accumulation is associated with growth accelerations, the substantial efforts of developing countries to improve access to and quality of education, as a means for skill accumulation, did not translate into higher income per capita. In this Element, we propose a framework, building on the principles of 'growth diagnostics', to enable practitioners to determine whether human capital investments are a priority for a country's growth strategy. We then discuss and exemplify different tests to diagnose human capital in a place, drawing on the Harvard Growth Lab's experience in different development context, and discuss various policy options to address skill shortages.
Author: John Joshua
Publisher: Springer
ISBN: 1137529369
Category : Business & Economics
Languages : en
Pages : 315
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Book Description
This book develops a human capital model to explain transformational growth within different stages of economic development, which will induce technological changes and consequently will require a change in human capital. China is a case study in transition and can provide useful lessons to other emerging economies.
Author: Rita Asplund
Publisher: Springer Science & Business Media
ISBN: 3642997767
Category : Political Science
Languages : en
Pages : 224
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Book Description
The past few decades have seen a revolutionary increase in interest in the economic role of education and training at the societal, business, and individual levels. This is mainly due to the strong post-war growth in industrialized economies, which has been driven by rapid technological progress and far-reaching structural change and, in the end, has resulted in increasingly skill-intensive production and growing demandfor more educated labour. Today it is frequently argued that with the increasing importance of the role of know-how, the workforce has become the most important single input in the production process. Simultaneously the dramatic increase in the availability of large micro-Ievel databases has opened enormous possibilities to study the economic role of human capital creation also empirically. The economic perspective of human capital accumulation is, however, of utmost importance also in times of deep economic recession. Periods of economic slowdown and rapidly increasing unemployment tend to in crease the demandfor advanced education and training in particular. This brings up, in turn, questions regarding overeducation and satisfying both private and social retums on investments in human capital.
Author: Organisation de coopération et de développement économiques (Paris)
Publisher:
ISBN: 9780662304869
Category : Economic development
Languages : en
Pages : 509
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Book Description
Author: A. Osipian
Publisher: Springer
ISBN: 0230100074
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
This book presents theoretical and empirical investigation of the impact of human capital on economic growth in Ukraine during the period of 1989-2009. It defines place and role of human capital in the process of transition from the exogenous to the endogenous forms of growth.
