Does Human Generate Social and Institutional Capital? Exploring Evidence from Time Series Data in a Middle Income Country
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.
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Bibliographic InfoPaper provided by Economic Research Southern Africa in its series Working Papers with number 29.
Length: 54 pages
Date of creation: 2005
Date of revision:
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Human capital investment; fractionalization; social and political dimensions of economic growth; South Africa;
Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
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- Thomas Koelble, 2005. "Democracy, traditional leadership and the International Economy in South Africa," SALDRU/CSSR Working Papers 114, Southern Africa Labour and Development Research Unit, University of Cape Town.
- Fedderke, J.W. & Romm, A.T., 2006.
"Growth impact and determinants of foreign direct investment into South Africa, 1956-2003,"
Elsevier, vol. 23(5), pages 738-760, September.
- Johannes Fedderke & A.T. Romm, 2004. "Growth Impact and Determinants of Foreign Direct Investment into South Africa, 1956-2003," Working Papers 12, Economic Research Southern Africa.
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