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Diagnosing human capital as a binding constraint to growth : tests, symptoms and prescriptions / Miguel Angel Santos, Farah Hani.

By: Contributor(s): Material type: TextTextSeries: Cambridge elements. Elements in the economics of emerging markets,Publisher: Cambridge : Cambridge University Press, 2021Description: 1 online resource (62 pages) : digital, PDF file(s)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781108975223 (ebook)
Subject(s): Additional physical formats: Print version: : No titleDDC classification:
  • 658.3 23
LOC classification:
  • HD4904.7 .S26 2021
Online resources: Summary: 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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eBooks eBooks Central Library Economics Available EB0321

Title from publisher's bibliographic system (viewed on 25 Nov 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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