INSTITUTIONS, GOVERNMENT STABILITY AND HUMAN CAPITAL ACCUMULATION
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The objective of this paper is to study the influence of institutional quality on the human capital accumulation process. This paper builds on prior theoretical developments which establish a micro-foundation link between human capital accumulation and institutional quality. Using a panel data series from 1960 to 2010, we observe that political instability and institutional quality do affect long-term human capital accumulation. Greater political stability and better institutions clearly foster human capital growth, thus promoting economic growth and prosperity.
2021 ◽
Vol 52
(207)
◽
2021 ◽
Vol 8
(10)
◽
pp. 18-27
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