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Human capital and economic development: A macroeconomic assessment

Erich Gundlach ()

Open Access Publications from Kiel Institute for the World Economy from Kiel Institute for the World Economy (IfW)

Abstract: The role of human capital has so far not been well documented at the macroeconomic level. Many empirical studies lack a consistent theoretical foundation and there are measurement problems due to a very narrow concept of human capital focusing on formal education. Future empirical research should take into account other important determinants of human capital such as the quality of education, the experience of the workforce, and the health and nutritional status of the population.

Date: 1997
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https://www.econstor.eu/bitstream/10419/1696/1/260924156.pdf (application/pdf)

Related works:
Journal Article: Human capital and economic development: A macroeconomic assessment (1997) Downloads
Working Paper: Human capital and economic development: A macroeconomic assessment (1996) Downloads
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Persistent link: http://EconPapers.repec.org/RePEc:zbw:ifwkie:1696

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