scholarly journals INSTITUTIONS, GOVERNMENT STABILITY AND HUMAN CAPITAL ACCUMULATION

2019 ◽  
Vol 17 (2) ◽  
pp. 255-271
Author(s):  
Kezia de Lucas Bondezan ◽  
Francisco José Veiga ◽  
Joilson Dias

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.

Author(s):  
Andrés Mideros

The paper reports on an ex-ante evaluation of the long-term effect of the Ecuadorian social transfer programme called “Bono de Desarrollo Humano (BDH)” on human capital accumulation. A dynamic cohort microsimulation model is used to analyse for cost-effectiveness of different policy scenarios. Results show that cash transfers do promotehuman capital accumulation but with rather small effect. Transfers targeted at critical ages are the most cost-effective to promote human capital accumulation


Author(s):  
George J. Borjas ◽  
Barry R. Chiswick

Assuming that ethnicity acts as an externality in the human capital accumulation process, this chapter analyzes the extent to which ethnic skill differentials are transmitted across generations. The skills of the next generation depend on parental inputs and on the quality of the ethnic environment in which parents make their investments, or “ethnic capital.” The empirical evidence reveals that the skills of today's generation depend not only on the skills of their parents, but also on the average skills of the ethnic group in the parents’ generation.


2011 ◽  
Vol 2011 ◽  
pp. 1-14 ◽  
Author(s):  
Óscar Afonso

This paper highlights some recent components related to the endogenous growth literature; in particular, (i) research and development progress, direction, and diffusion; (ii) human-capital accumulation; (iii) wage inequality; (iv) nonscale economic growth, showing how each one has been treated by the existing seminal literature and the expected impact of bringing them together. The connection of the different components is mainly done by involving the leading literature on North-South technological-knowledge diffusion by imitation under trade, and the prevailing literature on intra- and intercountry wage inequality.


2021 ◽  
Vol 8 (10) ◽  
pp. 18-27
Author(s):  
Jingru Ren ◽  
◽  
Yu Zhao ◽  

From the perspective that the change in population age structure could affect human capital accumulation, this paper introduces a concept of “the potential growth speed in human capital stock” and discusses the future of China’s human capital growth from different aspects. This paper uses the perpetual inventory method and China’s sixth national population census data to predict the maximum potential space for China’s human capital stock growth in the future. Firstly, we use the average years of schooling of the working-age population as an index to measure the human capital stock. Though decomposing the differences in human capital stock, we introduce the concept of potential growth speed in human capital stock. Secondly, by decomposing accumulation rate of human capital stock in China, differences of human capital stock between China and South Korea, and differences of human capital stock between China and Japan, this paper finds that the age structure change will have a negative factor on China’s accumulation of human capital in the next 20 years. To conclude, China will probably accumulate human capital at a much faster rate until 2040, but the human capital growth potential is fully exploited on the condition of that.


Humanomics ◽  
2011 ◽  
Vol 27 (3) ◽  
pp. 166-183
Author(s):  
Jhumur Sengupta ◽  
Debnarayan Sarker

PurposeThis paper aims to examine the impact of caste and religious diversity on human capital outcome and external effect of ethnic capital on human capital accumulation process based on social fragmentation of West Bengal state which is mainly shaped under caste and religious lines.Design/methodology/approachA field survey was undertaken in which 440 respondents belonging to 440 households were interviewed in four municipalities of West Bengal – one each for most homogeneous and most heterogeneous along caste dimension and the equal number along religious line. For a cross sectional study during a one‐year period between January‐December 2006, this study considers stratified random sampling method (a mixture of both purposive and random sampling). In addition to construction of caste and a religion based fractionalization indexes, this study considers regression analyses of ordinary least square method in order to explore the stated objectives.FindingsIt suggests that more heterogeneous localities have lower outcome of per capita education after controlling the effect of per capita income. Moreover, the external effect of ethnic capital in heterogeneous localities has also lower outcome of human capital accumulation process.Originality/valueThe lower human capital accumulation in the heterogeneous localities along caste and religious dimensions might play an adverse effect on economic growth, crime, markets, technological breakthroughs and the arts and science. So, institutional measures by government and non‐government sources are needed to improve the stock of human capital, particularly in the heterogeneous localities influencing the positive impact on higher socio‐economic outcome in those localities.


Author(s):  
Zhidi Zhang ◽  
Jianqing Ruan

Is there a relationship between the frequency of regional natural disasters and long-term human-capital accumulation? This article investigates the long-run causality between natural calamities and human-capital accumulation with macro and micro data. Empirical cross-county analysis demonstrates that higher frequencies of natural calamities are correlated with higher rates of human-capital accumulation. Specifically, on the basis of empirical data of the fifth census in 2000 and China’s Labor-Force Dynamics Survey in 2012, this paper exploits the two databases to infer that the high disaster frequency in the years of 1500–2000 was likely to increase regional human-capital accumulation on district level. High natural-calamity frequency reduces the expected rate of returning to physical capital, which also serves to increase human-capital. Thus, experiencing with natural disasters would influence human’s preference to human-capital investment instead of physical capital.


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