This study examines the role of human capital formation in economic growth in Pakistan by using the secondary data for the period of 197273 to 2010-11. The results implied that education enrollment (proxy for human capital), health and physical capital are important to boost the economic growth in Pakistan. Human capital, fixed capital and employed labor force affect the GDP and result in unidi...

The rate at which physical capital depreciates is fundamental to investment in the economy. Nevertheless, although housing capital accounts for one-third of the total capital stock, the rate at which housing capital depreciates has only rarely been directly estimated, in part because prior studies do not control for maintenance. For that same reason, widely publicized measures of house price ap...

0747-5632/$ see front matter 2012 Elsevier Ltd. A doi:10.1016/j.chb.2011.12.003 ⇑ Corresponding author. Tel.: +49 40 41346826; fax E-mail addresses: [email protected] ( uni-hamburg.de (L. Reinecke), keno.juechems@stu Juechems). Online gaming has gained millions of users around the globe, which have been shown to virtually connect, to befriend, and to accumulate online social capital....

The recent literature on taxation and growth has stressed the optimality of a zero long-run taxation on all accumulative factors of production. For a given path of government spending, the optimal tax plan requires the government to build up a positive stock of public wealth in the short run in the long-run, government spending can be financed with the income accruing from the management of the...

The paper extends the literature on financial development, inflation, and growth by using the idea that both the rates of return on physical and human capital affect growth. This leads to the introduction of the investment rate into the model, as a proxy for the return to physical capital, along with the inflation rate as a variable affecting the return to human capital. As a result financial d...

Negative developments on the capital markets at the beginning of the millennium along with the increase in natural catastrophes and terrorist attacks have substantially altered the risk situation of the insurance industry. Insurance companies have reacted to the altered prevailing conditions with a paradigm shift in corporate strategy developing from classical turnover orientation to valueand r...

OBJECTIVE The Australian Capital Territory 'It's Your Move!' (ACT-IYM) was a three-year (2012-2014) systems intervention to prevent obesity among adolescents. METHODS The ACT-IYM project involved three intervention schools and three comparison schools and targeted secondary students aged 12-16 years. The intervention consisted of multiple initiatives at individual, community, and school polic...

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...

Back in the early 1970s, Partha Dasgupta realized that the economic models of the time were neglecting an entire class of capital assets: natural resources. Over the course of his career, Dasgupta, an economist at the University of Cambridge and a foreign associate of the National Academy of Sciences, has worked to put “natural capital” on an equal footing with other capital assets, exploring h...