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Political leadership change: A theoretical assessment using a human capital ?learning by doing? model

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  • Miguel Rocha de Sousa

    () (Universidade de Évora, Departmento de Economia e NICPRI-UE)

Abstract

We present an economic growth model with human capital, based upon Arrow (1962), in which we assess the impact of political leadership change either in governments or political parties. The change of leadership might be seen as a change in embedded human capital, and thus we might evaluate the loss or gain for society due to these political activities. The approach is theoretical using Arrowian economic setting. We formulate the conditions in which it is worth it, or how long does it take to recover from a political leadership change. The embedded process is an economic one, known as ?learning by doing?, but this time applied to political processes.

Suggested Citation

  • Miguel Rocha de Sousa, 2010. "Political leadership change: A theoretical assessment using a human capital ?learning by doing? model," Economics Working Papers 5_2010, University of Évora, Department of Economics (Portugal).
  • Handle: RePEc:evo:wpecon:5_2010
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    File URL: http://hdl.handle.net/10174/8471
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    References listed on IDEAS

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    1. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters,in: Schooling, Experience, and Earnings, pages 1-4 National Bureau of Economic Research, Inc.
    2. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
    3. Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.
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    More about this item

    Keywords

    Arrow?s model; Human capital; Learning by doing (LBD); Political leadership; Rotation of leaders; Time to recover from political leadership change;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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