Human capital in every sense is one of the fundamental factors of development. No country can achieve sustainable economic development without substantial investment in human capital. The relationship between economic growth and human capital has been long recognized. Many studies especially in Western economies have shown that human capital has a positive impact on economic growth. However, ec...

We analyze the constrained-efficient allocation in an equilibrium model of investment and capital reallocation with heterogeneous firms facing collateral constraints. The features two types pecuniary externalities: externalities, because resale price affects firms’ ability to borrow, distributive buyers old are more financially constrained than sellers, consistent empirical evidence. show analy...

introduction: having a desirable image in a market can be considered as an asset for an organization. therefore, using proper approaches, managers of such organizations must monitor and manage the image of their organizations in order to achieve their organizational goals and their customer’s satisfaction. as an important sector of every society, managers of hospitals also must try their best t...

road traffic accidents and the effects they subsequently incur are increasing dramatically, and estimating the cost of road traffic crashes could be a vital step in improving the recognition of this widespread problem. the main objective of this paper is to estimate the cost of road traffic crashes in iran using the human capital (hc) method. results of this study indicate that the cost of road...

This document contains supplemental materials for “Constrained Efficiency in a Human Capital Model ”. We discuss the implementation of the constrained efficient allocation, formally analyze the effects of consumption poor household’s relative income sources on pecuniary externalities, provide a further sensitivity analysis, and discuss the effects of the time investment model and the effects of...