The Role of Human Capital in the Process of Economic Development: The Case of England, 1307-1900
AbstractMacroeconomic growth models underline the importance of human capital in the process of economic development. This analysis introduces a new proxy for human capital, which is educational attainment, and examines cohesion between education levels and growth for England between 1307 and 1900. The empirical evidence suggests no significant result between basic skills, such as reading and writing abilities, and growth of per capita GDP. More progressive human capital levels, as measured by average years of higher education, seem to have contributed to the process of development until the mid-eighteenth century.
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Bibliographic InfoPaper provided by Utrecht University, Centre for Global Economic History in its series Working Papers with number 0021.
Length: 32 pages
Date of creation: Dec 2011
Date of revision:
Economic development; human capital; history of education; England;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-25 (All new papers)
- NEP-EDU-2012-01-25 (Education)
- NEP-FDG-2012-01-25 (Financial Development & Growth)
- NEP-HIS-2012-01-25 (Business, Economic & Financial History)
- NEP-HRM-2012-01-25 (Human Capital & Human Resource Management)
- NEP-LAB-2012-01-25 (Labour Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Human capital and economic growth: taking the long view
by kevin denny in Kevin Denny: Economics more-or-less on 2012-01-26 10:28:56
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