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 nonlinearities—which 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.
About the authors
Andreas Savvides is a Professor in the Department of Economics and Legal Studies at Oklahoma State University. Thanasis Stengos is a Professor of Economics at the University of Guelph.
"The authors provide an in-depth investigation of the link between human capital and economic growth. They take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital."
—Abstracts of Public Administration, Development, and Environment
"This book imparts a deep understanding of the nexus between human capital and aggregate economic growth. By studying this book, you will have not only acquired the specific human capital knowledge to participate in the literature on human capital and growth, but will also have acquired general human capital knowledge that will improve your productivity in other economic areas."
—Merwan H. Engineer, University of Victoria
"The authors are excellent writers and experts on the topics they cover in this volume. They use an array of results to make the case that, indeed, human capital affects growth in a highly nonlinear way. There is nothing that is as extensive on the issue of human capital and economic growth as this book."
—Chris Papageorgiou, Research Department of the International Monetary Fund