This study investigates the effects of human capital, social capital and their interaction on the performance of 1,398 Vietnamese new-born firms. Operating profit is used as the measure of success. Human capital is captured by individual-level professional education, start-up experience, and learning. Whereas the first two dimensions of human capital are measured with traditional indicators, we...

In this paper, I develop a new measure of human capital stock that has two advantages over previous measures. First, it allows for the fact that the cost of education varies across time, countries, and levels. Second, the unit of measurement is dollars, which allows comparison of human capital stocks with other macroeconomic variables, including national income (GDP) and physical capital stocks...

Sustainable Livelihoods Approach emerged in the 1980s as a new analytical approach in the field of rural development inwhich the rural livelihood capitals form the basis of the villagers' empowerment and their ability to get involved in their own individual and social destiny. This study aimed to answer the question that how much the importance of each type of livelihood capitals is in the Cent...

We combine growth theory with US Census data on individual schooling and wages to estimate the aggregate return to human capital and human capital externalities in cities. Our estimates imply that a one-year increase in average schooling in cities increases their aggregate labor productivity by 8 to 11 percent. We find no evidence for aggregate human capital externalities in cities however. Our...

Human capital, in the form of embodied knowledge or skills, is under threat of automation. To examine the effect of it on a macroeconomy, I develop the Uzawa-Lucas model in which the accumulation of human capital follows the stochastic process. With two equality constraints, the closed-form solution gets obtainable. It shows that increase in uncertainty about the human capital accumulation redu...

This article employs cointegration and error-correction modelling to test the causal relationship between real income, exports and human capital stock using data for China over the period 1960 to 1999. We find that real exports, human capital and real income are cointegrated when real exports is the dependent variable, but are not cointegrated when human capital or real income are the dependent...

Human Capital, Economic Growth, and Regional Inequality in China We study the dispersion in rates of provincial economicand TFP growth in China. Our results show that regional growth patterns can be understood as a function of several interrelated factors, which include investment in physical capital, human capital, and infrastructure capital; the infusion of new technology and its regional spr...

In recent years substantial progress has been achieved in the field of ecological economics for clarifying human-nature interrelations. The fundamental role of the lifesupport functions of the environment (Odum, 1975) for economic development and sustainability has entered from ecology into economics, and has started to be theoretically as well as empirically analyzed. This has, in part, given ...