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...

We develop an endogenous growth model in which new technology and new skills are bounded complements — they complement each other up to a point, but beyond this the impact of each factor is constrained by the level of the other. As a result, both technological progress and human capital accumulation are necessary for sustained productivity growth, but neither alone is sufficient. Rapid technolo...

Do international trade and technological change influence how firms create incentives for human capital? I present a model that incorporates agency problems into a framework with firm heterogeneity and human capital. My model indicates that trade liberalizations and skill-biased technological change alter the way how the largest firms in an economy incentivize their managers. Increases in manag...

This paper proposes three models of social capital and growth that incorporate different perspectives on the concept of social capital and the empirical evidence gathered to date. In these models, social capital impacts growth by assisting in the accumulation of human capital, by affecting financial development through its effects on collective trust and social norms, and by facilitating networ...

Literature provides several intellectual capital models. Nevertheless, the need for adapting theoretical models to the new social and economic trends justifies an effort in improving previous proposals. Taking into account the main contributions in the field, the Intellectus Knowledge Forum presents to the international scientific and professional community a new model to better understanding t...

We report on small-scale experiments of simple, repeated asset markets in two risky securities and one riskfree security. As in large-scale experiments, steady convergence towards the CAPM is discovered, but the process is slower and convergence halts before reaching the actual equilibrium. There is evidence that subjects gradually move up in mean-variance space, in accordance with the CAPM. Ye...

human capital has always been of high importance in economic growth literature. in this regard, several studies have tried to explain the role of this variable via the use of different models. the present study, in line with the previous ones, going to estimate the share of human capital in iranian economy production from 1974 to 2011 within the framework of ozawa (1965) and lucas’s (1988) endo...