Diagnosing Human Capital as a Binding Constraint to Growth

Tests, Symptoms and Prescriptions

Miguel Angel Santos, Farah Hani (Autoren)

Buch | Softcover

72 Seiten

2021
Cambridge University Press (Verlag)
978-1-108-97159-1 (ISBN)

Artikel merken

The empirical literature on the contributions of human capital investments to economic growth shows mixed results. While evidence from OECD countries demonstrates that human capital accumulation is associated with growth accelerations, the substantial efforts of developing countries to improve access to and quality of education, as a means for skill accumulation, did not translate into higher income per capita. In this Element, we propose a framework, building on the principles of 'growth diagnostics', to enable practitioners to determine whether human capital investments are a priority for a country's growth strategy. We then discuss and exemplify different tests to diagnose human capital in a place, drawing on the Harvard Growth Lab's experience in different development context, and discuss various policy options to address skill shortages.

Introduction; 1. What is Human Capital?; 2. Testing for Human Capital as a Binding Constraint to Growth; 3. From Diagnostic Symptoms to the Syndrome and Therapeutics; Conclusion; Appendix 1: Mincer Regression for Mexico and Chiapas; Appendix 2: Incorporating Quality in Mincer Regression; Appendix 3: Wage Premia by Industry and Occupation; Appendix 4: Industry Factor-Intensity and Relationship to Country Exports.

Erscheinungsdatum	06.12.2021
Reihe/Serie	Elements in the Economics of Emerging Markets
Zusatzinfo	Worked examples or Exercises
Verlagsort	Cambridge
Sprache	englisch
Maße	152 x 228 mm
Gewicht	120 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-108-97159-8 / 1108971598
ISBN-13	978-1-108-97159-1 / 9781108971591
Zustand	Neuware