Human capital development
This paper has two main objectives. First, it assesses and measures the gaps inthe stock of human capital across the world. It presents how effectivelydifferent regions are improving their stock of human capital, and how long itwill take for developing countries to catch up with the current level of...
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| Veröffentlicht in: | Asian development review |
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| 1. Verfasser: | |
| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
2010
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Tag hinzufügen | Zusammenfassung: | This paper has two main objectives. First, it assesses and measures the gaps inthe stock of human capital across the world. It presents how effectivelydifferent regions are improving their stock of human capital, and how long itwill take for developing countries to catch up with the current level of humancapital in industrialized countries. Second, it revisits the contribution ofhuman capital to economic growth, proposing a decomposition method toaccount for employment growth-which is also impacted on by human capitalgrowth-in explaining growth in total output per worker. The proposedmethodology introduces employment growth in the growth decompositionthrough the employment growth elasticity. It is conjectured that as humancapital increases, employment growth elasticity will decrease, making theeconomy less labor-intensive, resulting in higher economic growth. Theproposed method points to the importance of the micro linkage betweenhuman capital and the labor market. (Asian Dev Rev/GIGA) |
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| Beschreibung: | graph. Darst., Tab., Lit. S. 54-56 |
| ISSN: | 0116-1105 |