How Important are Education, Human Capital and Knowledge for Economic Growth and Development? : How have these factors been incorporated into endogenous growth models?

Language: English

Published by GRIN Verlag, 2013

3656472424 / 9783656472421

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Druck auf Anfrage Neuware - Printed after ordering - Essay from the year 2009 in the subject Economics - Economic Cycle and Growth, grade: 31 von 31, Free University of Bozen-Bolzano (School of Economics and Management), language: English, abstract: In his speech at the Inaugural Convention of the African Federation of Human Resource Management Association in Botswana, Professor David Abulai (2008) stated that quality and quantity of human capital is becoming increasingly evident for the economic development of nations in today's knowledge era. In fact the world of today is influenced by steady technological and scientific progress; by means of these new developments the socio-economic conditions in which people live are increasingly improving. Nevertheless a big part of the world is still lagging behind and social and economic distinctions still exist and developing countries are trying to catch up. Professor Abulai (2008) argued that the key to this catching up in development is the population itself, which has to be educated, healthy and qualified in order to deal with new scientific and technological inventions and to exploit this new opportunities in the best possible way. The aim of this paper will be in the first part to analyze the impact of education, human capital and knowledge for economic growth and development. In the second part of this paper the incorporation of human capital into endogenous growth models will be examined, focusing on the two main branches of growth analysis pioneered by Romer (1990) and Lucas (1988).

Seller Inventory # 9783656472421

Title
How Important are Education, Human Capital and Knowledge for Economic Growth and Development? : How have these factors been incorporated into endogenous growth models?
Author
Michael Frei
Publisher
GRIN Verlag
Publication year
2013
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3656472424
ISBN 13
9783656472421
Item weight
34 grams
Dimensions
210x148x2 mm

AHA-BUCH GmbH

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