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 Kiel)

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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Journal Article: Human capital and economic development: A macroeconomic assessment (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkie:1696

DOI: 10.1007/BF02929817

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