This paper analyzes a model of economic growth that explains differences in economic structure across countries. It highlights the interplay between productivity, talents utilization and entrepreneurship incentives. The paper has two main results. First, it argues that when measuring human capital we ignore one dimension, which is “talents utilization”. It is suggested then that, in development...

This paper uses previously unavailable historical records to show that several assumptions central to a learning by doing explanation of productivity growth in the construction of Liberty ships during World War II are mistaken. Impressive increases in output per worker recorded at one of the largest shipyards in the program, Calship, are shown to be strongly associated with increases in capital...

A new method is introduced and applied to analyze changes in productivity of Þrms harvesting a natural capital stock. The index-number technique decomposes the contributions of output prices, variable input prices, Þxed inputs and productivity to Þrm proÞts, adjusted for changes in the natural capital stock. An application of the method is given using micro-level data from a common-pool resourc...

This paper investigates the effects of human capital on productivity using micro panel data of rural households in the North­West Frontier Province, Pakistan, where a substantial job stratification is observed in terms of income and education. To clarify the mechanism underlying this stratification, the human capital effects are estimated for wages (individual level) and for self­employed activ...

The objective of this study is to conduct a meta-review analysis of the knowledge management and intellectual capital literatures by investigating research productivity and conducting a citation analysis of individuals, institutions, and countries. The meta-analysis focuses on the three leading peer-reviewed, refereed journals in this area: Journal of Intellectual Capital, Journal of Knowledge ...

intellectual capital is most vital enabler of enterprises. managing intellectual capital effectively can greatly enhance the competitive advantages of any enterprises. this study focused on how the enterprises utilize intellectual capital, in order to strengthen the competitiveness of enterprises. this research established a novel assessment model to measure the performance of intellectual capi...

This paper combines on-the-job search and human capital theory to study the coexistence of …rm-funded general training and frequent job turnovers. Although ex ante identical, …rms di¤er in their training decisions. The model generates correlations between various …rm characteristics that are consistent with the data. Wage dispersion exists among ex ante identical workers because workers of the ...

This paper revisits the macroeconomic effects of government consumption in the neoclassical growth model augmented with idiosyncratic investment (or entrepreneurial) risk. Under complete markets, a permanent increase in government consumption has no long-run effect on the interest rate, the capital-labor ratio, and labor productivity, while it increases work hours due to the familiar negative w...

Economists have long believed that investments in education, or “human capital,” are an important source of economic growth. Over the last 40 years output has grown about 3.5 percent a year and the productivity of labor has grown about 2.4 percent per year. The contribution of education to labor productivity growth is estimated to be between 13 and 30 percent of the total. Further, many people ...