Examines which is more important for economic growth - human capital or physical capital.
Written in 2002; 3,150 words; 6 sources; $ 115.95
Paper Summary:
It is the objective of this paper to highlight the exigency of the ionisation between human capital and endogenous economic growth. A brief digest of the evolution of modern growth theory will be provided, with particular attention being paid to growth models that account for the importance of human capital in the contemporary economic environment. The analysis of this paper will remain limited to the importance of human, and to a lesser degree, physical capital, in economic development.
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