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Diagnosing Human Capital as a Binding Constraint to Growth: Tests, Symptoms and Prescriptions: Elements in the Economics of Emerging Markets

Autor Miguel Angel Santos, Farah Hani
en Limba Engleză Paperback – 15 dec 2021
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.
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Specificații

ISBN-13: 9781108971591
ISBN-10: 1108971598
Pagini: 75
Dimensiuni: 152 x 228 x 5 mm
Greutate: 0.11 kg
Ediția:Nouă
Editura: Cambridge University Press
Colecția Cambridge University Press
Seria Elements in the Economics of Emerging Markets

Locul publicării:New York, United States

Cuprins

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.

Descriere

Proposes a framework to determine whether human capital investments are a priority to boost a country's growth strategy.