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Want Economic Growth with Good Quality Institutions? Spend on Education Author info | Abstract | Publisher info | Download info | Related research | Statistics Mamoon, Dawood
Murshed, Mansoob
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The purpose of this paper is to compare the role of human capital accumulation measured by number of years of schooling with the relative contribution of institutional capacity to prosperity. We employ several concepts of institutional quality prevalent in the literature. We discover that developing human capital is as important as superior institutional functioning for economic wellbeing. Indeed, the accumulation of human capital stocks via increased education might lead to improved institutional functioning, and the utilisation of policies like trade liberalisation.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
3046.
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Date of creation: May 2007Date of revision:
Handle: RePEc:pra:mprapa:3046Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
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Keywords: Growth ; Institutions ; Human Capital. ; Other versions of this item:
Find related papers by JEL classification: I28 - Health, Education, and Welfare - - Education - - - Government Policy P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health, Education, Welfare, and Poverty I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
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