Diagnosing human capital as a binding constraint to growth : tests, symptoms and prescriptions / Miguel Angel Santos, Farah Hani.

Format:

Book

Author/Creator:

Santos, Miguel Angel (Government economist), author.

Hani, Farah, author.

Series:

Cambridge elements. Elements in the economics of emerging markets, 2631-8598.

Cambridge elements. Elements in the economics of emerging markets, 2631-8598

Language:

English

Subjects (All):

Human capital.

Economic development.

Physical Description:

1 online resource (62 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2021.

Summary:

The empirical literature on the contributions of human capital investments to economic growth shows mixed results. While evidence from OECD countries demonstrates that human capital accumulation is associated with growth accelerations, the substantial efforts of developing countries to improve access to and quality of education, as a means for skill accumulation, did not translate into higher income per capita. In this Element, we propose a framework, building on the principles of 'growth diagnostics', to enable practitioners to determine whether human capital investments are a priority for a country's growth strategy. We then discuss and exemplify different tests to diagnose human capital in a place, drawing on the Harvard Growth Lab's experience in different development context, and discuss various policy options to address skill shortages.

Contents:

Introduction; 1. What is Human Capital?; 2. Testing for Human Capital as a Binding Constraint to Growth; 3. From Diagnostic Symptoms to the Syndrome and Therapeutics; Conclusion; Appendix 1: Mincer Regression for Mexico and Chiapas; Appendix 2: Incorporating Quality in Mincer Regression; Appendix 3: Wage Premia by Industry and Occupation; Appendix 4: Industry Factor-Intensity and Relationship to Country Exports.

Notes:

Title from publisher's bibliographic system (viewed on 25 Nov 2021).

ISBN:

9781108982313

110898231X

9781108975223

1108975224

OCLC:

1492981372