Human Capital and Economic Growth

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 diffe...

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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.

PART I
Introduction
1 Introduction to Human Capital and Economic Growth 3
2 The Concept of Human Capital: A Brief Historical Review 10
PARTII Theoretical Research on Human Capital and Economic Growth
3 Theoretical Models of Human Capital and Economic Growth 27
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PART I
Introduction
1 Introduction to Human Capital and Economic Growth 3
2 The Concept of Human Capital: A Brief Historical Review 10
PARTII Theoretical Research on Human Capital and Economic Growth
3 Theoretical Models of Human Capital and Economic Growth 27
4 Human Capital and Endogenous Models of Economic Growth 53
5 Threshold Effects, Multiple Equilibria, and Nonlinearities in Human Capital and Economic Growth 84
PARTIII The Empirics of Human Capital and Economic Growth
6 Empirical Studies on Human Capital and Economic Growth 107
7 Human Capital and Economic Growth: Linear Specifications 156
8 A Primer on Nonparametric Methods and Their Application to Research in Human Capital and Economic Growth 172
9 Human Capital and Economic Growth: Nonlinear Specifications 193
Appendix: Nonparametric Methods 211
Glossary 217
Bibliography 221
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