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The Role of Investment in Human Capital: Evolution Between Microeconomic and Macroeconomic Approach

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  • Babacar NDIAYE

Abstract

It has been acknowledged for a long time that labour factor quality plays a significant role in the process of economic growth. The human capital theory that gained prominence notably with the works of Schultz (1961) and Becker (1964) underline that the knowledge gained by people is crucial to society, for education is an investment and a tool for improving productivity. The objective of this paper is to propose, in the neoclassical vision, a critical analysis of the developments and controversies surrounding human capital investment

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  • Babacar NDIAYE, 2018. "The Role of Investment in Human Capital: Evolution Between Microeconomic and Macroeconomic Approach," Applied Economics and Finance, Redfame publishing, vol. 5(2), pages 111-116, March.
    • Handle: RePEc:rfa:aefjnl:v:5:y:2018:i:2:p:111-116
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    References listed on IDEAS

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    More about this item

    Keywords

    human capital; investment; growth;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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