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Book production and the onset of modern economic growth

  • Joerg Baten

    ()

  • Jan Zanden

Endogenous growth theory suggests that human capital formation plays a significant role for the ‘wealth and poverty of nations.’ In contrast to previous studies which denied the role of human capital as a crucial determinant of for really long-term growth, we confirm its importance. Indicators of human capital like literacy rates are lacking for the period of 1450-1913; hence, we use per capita book production as a proxy for advanced literacy skills. This study explains how, and to what extent, growth disparities are a function of human capital formation.

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File URL: http://hdl.handle.net/10.1007/s10887-008-9031-9
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Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 13 (2008)
Issue (Month): 3 (September)
Pages: 217-235

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Handle: RePEc:kap:jecgro:v:13:y:2008:i:3:p:217-235
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=102931

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