Does human capital generate social and institutional capital? Exploring evidence from South African time series data
AbstractThis paper presents an analysis of the interaction of human capital investment and the development of social and political institutions. We find that human capital matters—for growth through its quality dimension; for distributional conflict by raising political aspirations. But human capital does not stand alone either. The level of economic development (output) matters, distributional (instability) conflict as well as the rights dispensation can come to influence human capital investment decisions in their own right. Social, human capital, political as well as economic dimensions are densely interwoven in webs of association. Copyright 2008 , Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 60 (2008)
Issue (Month): 4 (October)
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- J.W. Fedderke & I. Lourenco & F. Gwenhamo, 2011. "Alternative indices of political freedoms, property rights, and political instability for Zambia," Working Papers 207, Economic Research Southern Africa.
- Paul, Bénédique, 2009. "Reclaiming Institutions as a Form of Capital," MPRA Paper 39017, University Library of Munich, Germany.
- Paul, Bénédique & Garrabé, Michel, 2011.
"Le capital institutionnel dans l'analyse du développement : Prolongement théorique et premier test empirique
[Institutional Capital in Economic Development Analysis: Theoretical Continuation and ," MPRA Paper 39016, University Library of Munich, Germany.
- Paul, Bénédique, 2009. "Institutional capital: A new analytical framework on theory and actions for economic development," MPRA Paper 39018, University Library of Munich, Germany.
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