Political leadership change: A theoretical assessment using a human capital ?learning by doing? model
AbstractWe present an economic growth model with human capital, based upon Arrow (1962), in which we assess the impact of political leadership change either in governments or political parties. The change of leadership might be seen as a change in embedded human capital, and thus we might evaluate the loss or gain for society due to these political activities. The approach is theoretical using Arrowian economic setting. We formulate the conditions in which it is worth it, or how long does it take to recover from a political leadership change. The embedded process is an economic one, known as ?learning by doing?, but this time applied to political processes.
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Bibliographic InfoPaper provided by University of Évora, Department of Economics (Portugal) in its series Economics Working Papers with number 5_2010.
Length: 11 pages
Date of creation: 2010
Date of revision:
Arrow?s model; Human capital; Learning by doing (LBD); Political leadership; Rotation of leaders; Time to recover from political leadership change;
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-23 (All new papers)
- NEP-CDM-2010-12-23 (Collective Decision-Making)
- NEP-HRM-2010-12-23 (Human Capital & Human Resource Management)
- NEP-MIC-2010-12-23 (Microeconomics)
- NEP-POL-2010-12-23 (Positive Political Economics)
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