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Human Capital Stock and Flow and Economic Growth Analysis: Note
Author(s) -
MCNAMARA KEVIN T.,
KRIESEL WARREN P.,
DEATON BRADY J.
Publication year - 1988
Publication title -
growth and change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.657
H-Index - 55
eISSN - 1468-2257
pISSN - 0017-4815
DOI - 10.1111/j.1468-2257.1988.tb00462.x
Subject(s) - human capital , capital deepening , physical capital , economic capital , economics , financial capital , stock (firearms) , investment (military) , individual capital , means of production , capital formation , economic system , economic growth , geography , political science , archaeology , politics , law
Human capital is becoming recognized as an increasingly important factor in rural economic development. Economic research, however, has not provided clear empirical support of the relationship between human capital investment and economic growth. This paper applies stock and flow concepts to human capital and suggests an operational approach for applying stock and flow concepts to the analysis of the impact of human capital investments through education on economic growth.