Human Capital and Growth: Theory and Evidence

@article{Romer1989HumanCA,
  title={Human Capital and Growth: Theory and Evidence},
  author={Paul M. Romer},
  journal={Labor: Human Capital},
  year={1989}
}
  • P. Romer
  • Published 1989
  • Economics
  • Labor: Human Capital
This paper outlines a theoretical framework for thinking about the role of human capital in a model of endogenous growth. The framework pays particular attention to two questions: What are the theoretical differences between intangibles like education and experience on the one hand, and knowledge or science on the other? and How do knowledge and science actually affect production? One implication derived from this framework is that the initial level of a variable like literacy may be important… Expand
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  • Economics, Medicine
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  • 1996
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An alternative education-related human capital measure is constructed which is capable of distinguishing between stocks and flows and suggests not only that there are important growth effects associated both with 'initial' stocks of, and subsequent growth in, human capital, but also that this new measure out-performs the simple school enrolment rates used in previous analyses. Expand
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Effects Of Primary, Secondary, And Tertiary Education On Economic Growth : Evidence From Guatemala, Volume 1 Of 2
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The author presents a growth-accounting framework which takes into account quality changes of physical capital, and differentiates by level of education, and shows that the human capital variables explain more than 50 percent of output growth. Expand
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