Diagnosing Human Capital as a Binding Constraint to Growth : Tests, Symptoms and Prescriptions
Book Details
Format
Paperback / Softback
Book Series
Elements in the Economics of Emerging Markets
ISBN-10
1108971598
ISBN-13
9781108971591
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 16th, 2021
Print length
72 Pages
Weight
118 grams
Dimensions
22.70 x 15.00 x 1.00 cms
Product Classification:
Economics
Ksh 3,250.00
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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.
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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