Krugman, Young, Kim & Lau and Collins & Bosworth have argued that the extraordinary record of economic growth in East Asia can be explained adequately by factor accumulation deriving from Abread-and-butter economic forces@ such as high savings rates, good education, and the movement of under-employed peasants into the modern sector. Yet this explanation that it was all based on Aworking harder,...

This paper studies the dynamic interaction between human capital accumulation and economic growth. Capital market imperfections and an indivisibility in human capital investment prevent poor agents from accumulating skills, the acquisition of which positively affects technological progress. More productive technologies in turn requiremore sophisticated qualificatio and involve higher training c...

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...

Background Human capital analysis starts with the assumption that human capital can be acquired through schooling and lifelong learning. While these activities are costly, they are generally expected to entail future benefits, for example in the form of returns in terms of higher wages and increased employability. Following the seminal contributions of Schultz (1961), Becker (1962), and Mincer ...

Recent diffusion models cannot explain why the success of technology diffusion depends so critically on developing countries’ human capital levels. This paper examines three main issues. First, we endogenize both appropriate technologies and human capital formation. Second, we refine the human capital accumulation process by introducing uncertainty about worker quality and training efficiency. ...