β Scribed by Andreas Savvides, Thanasis Stengos
No coin nor oath required. For personal study only.
This book provides an in-depth investigation of the link between human capital and economic growth. The authors take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital. The text fosters a deep understanding of the connection between human capital and economic growth through the exploration of different theoretical approaches, a review of the literature, and the application of nonlinear estimation techniques to a comprehensive data set. The authors discuss nonparametric econometric techniques and their application to estimating nonlinearitiesβwhich has emerged as one of the most salient features of empirical work in modeling the human capital-growth relationship, and the process of economic growth in general. By delving into the topic from theoretical and empirical standpoints, this book offers an insightful new view that will be extremely useful for scholars, students, and policy makers.
Contents......Page 8
Preface......Page 10
PART I Introduction......Page 14
1 Introduction to Human Capital and Economic Growth......Page 16
2 The Concept of Human Capital: A Brief Historical Review......Page 23
PART II Theoretical Research on Human Capital and Economic Growth......Page 38
3 Theoretical Models of Human Capital and Economic Growth......Page 40
4 Human Capital and Endogenous Models of Economic Growth......Page 66
5 Threshold Effects, Multiple Equilibria, and Nonlinearities in Human Capital and Economic Growth......Page 97
PART III The Empirics of Human Capital and Economic Growth......Page 118
6 Empirical Studies on Human Capital and Economic Growth......Page 120
7 Human Capital and Economic Growth: Linear Specifications......Page 169
8 A Primer on Nonparametric Methods and Their Application to Research in Human Capital and Economic Growth......Page 185
9 Human Capital and Economic Growth: Nonlinear Specifications......Page 206
Appendix: Nonparametric Methods......Page 224
Glossary......Page 230
Bibliography......Page 234
Index......Page 242
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