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Book production and the onset of modern economic growth

  • Jörg Baten
  • Jan Luiten van 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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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1030.

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Date of creation: Apr 2007
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Handle: RePEc:upf:upfgen:1030
Contact details of provider: Web page: http://www.econ.upf.edu/

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