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Does Human Generate Social and Institutional Capital? Exploring Evidence from Time Series Data in a Middle Income Country

Author

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  • Johannes Fedderke
  • John Luiz

Abstract

This 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.

Suggested Citation

  • Johannes Fedderke & John Luiz, 2005. "Does Human Generate Social and Institutional Capital? Exploring Evidence from Time Series Data in a Middle Income Country," Working Papers 29, Economic Research Southern Africa.
  • Handle: RePEc:rza:wpaper:29
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    File URL: http://www.econrsa.org/node/54
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    Cited by:

    1. Fedderke, J.W. & Romm, A.T., 2006. "Growth impact and determinants of foreign direct investment into South Africa, 1956-2003," Economic Modelling, Elsevier, vol. 23(5), pages 738-760, September.
    2. 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.

    More about this item

    Keywords

    Human capital investment; fractionalization; social and political dimensions of economic growth; South Africa;

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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