We study the impact of natural resource abundance and resource inequality on capital accumulation in a simultaneous model of physical and human capital for a sample of 18 Latin American countries from 1970-2004. We find that physical and human capital are jointly determined, in that human capital has a positive and significant effect on physical capital and vice versa. We show that the long run...

Purpose – On the health care industry, the paper aims to study the effects of intellectual capital, identify using an input-process-output concept of human, customer, innovative and process capitals, on company performances. Design/methodology/approach – From a resource-based and intellectual capital perspective, the structural path model is applied to financial data to analyze the six-value cr...

How do taxes affect human capital accumulation? This question has been studied extensively in the context of two model classes: overlapping generations (OLG) and infinite horizon (IH) models. These embody very different assumptions about the intergenerational transmission of physical and human capital. OLG models typically abstract from intergenerational linkages, while IH models implicitly ass...

human capital (labor quality or knowledge embedded in human beings) is one the important issues in recent decade, because concentrating on this kind of capital can improve products and can make economic growth and development. this study has been investigated effective factors on human capital, emphasis on resource abundance for opec countries in period 2000-2012. to achieve that object, arturo...