Human Capital, Financial Innovations and Growth: A Theoretical Approach

M.S. Chin and Y.K. Chou

No 826, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper examines the symbiosis between financial development and human capital accumulation in generating endogenous growth. We develop a theoretical model where human capital is a key factor in the creation of financial innovations, resulting in financial development which in turns facilitates the acquisition of new human capital.

Keywords: HUMAN CAPITAL; ECONOMIC GROWTH; FINANCIAL ASPECTS (search for similar items in EconPapers)
JEL-codes: G20 I20 O31 O41 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2001
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Citations: View citations in EconPapers (2)

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