Our objective is to investigate, how the combination of habit formation with endogenous capital utilization decisions affects the process of economic growth. We find that in the presence of positive productivity growth, habit formation in consumption reduces the rate of capital utilization while increasing the long run stock of capital. We show in the Chamley–Judd result of zero income capital ...

The main goal of this paper is to estimate the level and distribution of human capital (HC) in Tehran province, Iran. In doing this we have first reviewed theoretical and empirical literature of human capital. And then we used Do gum Method for estimation of level and distribution of households’ human capital in Tehran. The Do gum Method is based on three old methods of estimation. We used late...

abstract t he return of capital is fundamental to the intertemporal allocation of resources by changing the consumption behavior and capital accumulation over time. taxation on return of capital increases the marginal product of capital, meaning that capital stock is lower than when capital is not taxed, which results decreased growth and welfare in steady state. this paper studies the impact o...

Abstract T his paper has considered the impact of unemployment on health capital in 136 countries during 2002–2010. The review of presented literature on health capital shows that the life expectancy has been considered as a proxy for health capital. Although, there are numerous studies that surveyed the mental and physical effects of unemployment, but there is no previous study in ou...

Prior studies on knowledge contribution started with the motivating role of social capital to predict knowledge contribution but did not specifically examine how they can be built in the first place. Our research addresses this gap by highlighting the role technology plays in supporting the development of social capital and eventual knowledge sharing intention. Herein, we propose four technolog...

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...

Policies to Create and Destroy Human Capital in Europe Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Reinvention of human capital policies is required to avoid increasing welfare state ...

E-commerce technologies—including online exchanges—focus heavily on transaction support. They are designed primarily to reduce transaction costs between suppliers, producers, distributors, and customers. Entrepreneurs however are not likely to realize the full business potential of ecommerce unless the transaction technologies are simultaneously supported by technology-enabled social learning n...