The Acquisition Of Human Capital And Economic Growth: An International Survey
Christopher E.S. Warburton
What the paper says
This paper analyzes the evolution and challenges of acquiring human capital in the US. It revisits the omitted variable bias in formal and informal pedagogical evaluations and underscores the importance of public investment in human capital. The paper subsequently evaluates the importance of human capital by alluding to exogenous and endogenous growth models. Using time series data from 1990 to 2017 to evaluate the contributions of human capital to macroeconomic growth, empirical findings suggest that exogenous growth theory, more than endogenous growth theory, can still be applied to some countries of the world, where the residual-to-investment ratio is exceedingly high.
2 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.09 × 0.4 = 0.04 |
| M · momentum | 0.80 × 0.15 = 0.12 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.