human capital investment: effect on economic growth in nigeria
... a positive relationship between them. The study was done using regression analysis to establish relationship growth rate of real gross domestic product and investment in GDP ratio, employment rate and human capital proxied by total expenditure on education and health. The authors state that the gove ...
... a positive relationship between them. The study was done using regression analysis to establish relationship growth rate of real gross domestic product and investment in GDP ratio, employment rate and human capital proxied by total expenditure on education and health. The authors state that the gove ...
What Is Economics? - Hoover Institution
... Much of the blame rests on how the popular press covers economics. An investigation by the Ford Foundation and the Foundation for American Communications concluded that “informed coverage of economic matters that now dominate civic and political affairs remains measurably and markedly unfilled” by t ...
... Much of the blame rests on how the popular press covers economics. An investigation by the Ford Foundation and the Foundation for American Communications concluded that “informed coverage of economic matters that now dominate civic and political affairs remains measurably and markedly unfilled” by t ...
Teacher Edition - Federal Reserve Bank of St. Louis
... capital in the workforce are contributing to the change in productivity. Research suggests that rising levels of human capital explain about 20 percent of U.S. productivity growth from 1950 to 2007. Average educational attainment, which is the highest level of education that an individual has comple ...
... capital in the workforce are contributing to the change in productivity. Research suggests that rising levels of human capital explain about 20 percent of U.S. productivity growth from 1950 to 2007. Average educational attainment, which is the highest level of education that an individual has comple ...
Political Economy and Economic Science An Essay in
... livelihood was governed by laws that operated as independently of human volition as the laws which natural scientists found applicable to the physical universe. They took it for granted [...] that political economy was a science" (Deane, 1991, p.173), not an art as is the case since the (marginalist ...
... livelihood was governed by laws that operated as independently of human volition as the laws which natural scientists found applicable to the physical universe. They took it for granted [...] that political economy was a science" (Deane, 1991, p.173), not an art as is the case since the (marginalist ...
Will China and India conquer the world? Essay: We
... ‘decoupled’ implies, the notion also embodies the idea of integration. The degree to which the emerging economies are resilient to a slowdown in the developed world reflects the extent to which they have become integrated within the wider global economy. Added to this integration is the potential to ...
... ‘decoupled’ implies, the notion also embodies the idea of integration. The degree to which the emerging economies are resilient to a slowdown in the developed world reflects the extent to which they have become integrated within the wider global economy. Added to this integration is the potential to ...
Chapter 29: Debates in Macroeconomics: Monetarism, New
... average, prices and wages will be set at levels that ensure equilibrium in the goods and labor markets. In other words, on average, there will be no unemployment. • When expectations are rational, disequilibrium exists only temporarily as a result of random, unpredictable shocks. • On average, all m ...
... average, prices and wages will be set at levels that ensure equilibrium in the goods and labor markets. In other words, on average, there will be no unemployment. • When expectations are rational, disequilibrium exists only temporarily as a result of random, unpredictable shocks. • On average, all m ...
Natural Resources and Economic Growth
... Romer, 1999)5 – not only their quantity but their kind and quality as well.6 Fourth, natural resource abundance may weaken private and public incentives to accumulate human capital due to a high level of non-wage income – e.g., dividends, social spending and low taxes. Empirical evidence suggests th ...
... Romer, 1999)5 – not only their quantity but their kind and quality as well.6 Fourth, natural resource abundance may weaken private and public incentives to accumulate human capital due to a high level of non-wage income – e.g., dividends, social spending and low taxes. Empirical evidence suggests th ...
PDF
... that the environmental tax is not affected and that environmental quality is never improved by greater longevity whereas a lower rate of population growth has a negative effect on the tax and has a positive effect on the environmental quality. In a similar framework, Ono and Maeda (2001) assume that ...
... that the environmental tax is not affected and that environmental quality is never improved by greater longevity whereas a lower rate of population growth has a negative effect on the tax and has a positive effect on the environmental quality. In a similar framework, Ono and Maeda (2001) assume that ...
Document
... European Integration episode will be a long-term project, and is not really done justice by a single indicator such as GDP per capita, even if economists are convinced that it is the correct one. Evidently, European integration involves many dimensions, some of which are only vaguely related to econ ...
... European Integration episode will be a long-term project, and is not really done justice by a single indicator such as GDP per capita, even if economists are convinced that it is the correct one. Evidently, European integration involves many dimensions, some of which are only vaguely related to econ ...
Mankiw 6e PowerPoints
... Data on infant mortality rates: 20% in the poorest 1/5 of all countries 0.4% in the richest 1/5 In Pakistan, 85% of people live on less than $2/day. One-fourth of the poorest countries have had famines during the past 3 decades. ...
... Data on infant mortality rates: 20% in the poorest 1/5 of all countries 0.4% in the richest 1/5 In Pakistan, 85% of people live on less than $2/day. One-fourth of the poorest countries have had famines during the past 3 decades. ...
ancient and medieval economic thought and institutions
... ANCIENT AND MEDIEVAL ECONOMIC THOUGHT AND INSTITUTIONS ...
... ANCIENT AND MEDIEVAL ECONOMIC THOUGHT AND INSTITUTIONS ...
Paul Collier The political economy of Natural resources
... and develops the political economy of natural resources as a guide to how Africa might avoid a repetition of that history. The resource curse has been analyzed over several decades. Although it was initially controversial, the evidence is accumulating that it is both a reality and severe. For exampl ...
... and develops the political economy of natural resources as a guide to how Africa might avoid a repetition of that history. The resource curse has been analyzed over several decades. Although it was initially controversial, the evidence is accumulating that it is both a reality and severe. For exampl ...
1 János Kornai`s comparative theory and defense of capitalism
... between different characteristics of a given system, and its general coherence : this was true for both classical socialism and capitalism. This approach is akin to the notion of institutional complementarities later developed by some institutional economists (Aoki, 2001, Amable, 2003) at the level ...
... between different characteristics of a given system, and its general coherence : this was true for both classical socialism and capitalism. This approach is akin to the notion of institutional complementarities later developed by some institutional economists (Aoki, 2001, Amable, 2003) at the level ...
Economics R. Glenn Hubbard, Anthony Patrick O`Brien, 2e.
... The world economy grew much faster in last century than before. Small difference in growth rates matters a lot! Compounding process. France vs. Argentina Gap between rich and poor countries exists What determines the speed of economic growth? Growth model Technological change and capital per hour wo ...
... The world economy grew much faster in last century than before. Small difference in growth rates matters a lot! Compounding process. France vs. Argentina Gap between rich and poor countries exists What determines the speed of economic growth? Growth model Technological change and capital per hour wo ...
A Demographic Explanation of U.S. and Japanese Current Account
... Intermediate population projections are shown in Figure 5.5 We see that the population of Japan is projected to decrease by 39% between year 2000 and 2080. Over the same interval the U.S. population is projected to increase by 34%. A striking feature is the decrease over time in the working-age (15- ...
... Intermediate population projections are shown in Figure 5.5 We see that the population of Japan is projected to decrease by 39% between year 2000 and 2080. Over the same interval the U.S. population is projected to increase by 34%. A striking feature is the decrease over time in the working-age (15- ...
Web Resources for Faculty Members
... Describe a bank’s required and excess reserves. Explain why a commercial bank is required to maintain a reserve and why it isn’t sufficient to cover deposits. Describe what the effects on the money supply when a commercial bank makes a loan, when a loan is repaid or when securities are purchased ...
... Describe a bank’s required and excess reserves. Explain why a commercial bank is required to maintain a reserve and why it isn’t sufficient to cover deposits. Describe what the effects on the money supply when a commercial bank makes a loan, when a loan is repaid or when securities are purchased ...
DISCUSSION Keynes` Theory on America`s Great Depression: An
... numerous economists to explain the causes of the mysterious 1929 Depression. Figure 1 shows the business cycles of the U.S. in the Depression.3 The Austrian school explains that all business cycles are due to government intervention in the market. “Malinvestment" is a term coined by the Austrian sch ...
... numerous economists to explain the causes of the mysterious 1929 Depression. Figure 1 shows the business cycles of the U.S. in the Depression.3 The Austrian school explains that all business cycles are due to government intervention in the market. “Malinvestment" is a term coined by the Austrian sch ...
The dilemmas of a socialist economy: the Hungarian experience
... hundred channels makes profit incentive illusory from several aspects. In microeconomics, it is assumed that the expenses of the profit-maximising firm are delimited by the so-called budget constraint. Yet, in the circumstances described above the budget ...
... hundred channels makes profit incentive illusory from several aspects. In microeconomics, it is assumed that the expenses of the profit-maximising firm are delimited by the so-called budget constraint. Yet, in the circumstances described above the budget ...
The Outline of Management Functions on Human Resource Development of Government
... which are the basic conditions of the harmonious and orderly run of the society. The modern society is the law society and the rules mainly manifest the law system. The law of the human resource development has broad content, such as of the minimum wage policy , working safety, labouring dispute arb ...
... which are the basic conditions of the harmonious and orderly run of the society. The modern society is the law society and the rules mainly manifest the law system. The law of the human resource development has broad content, such as of the minimum wage policy , working safety, labouring dispute arb ...