HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH
This paper revisits the theoretical framework of endogenous economic growth by considering models where human capital accumulation is at the center of the growth process. Our work is in line with Lucas (2015), who calls for not giving “too large a role to exogenous technological change” (p. 86) whi...
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| Format: | Article |
| Language: | English |
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Dalat University
2023-04-01
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| Series: | Tạp chí Khoa học Đại học Đà Lạt |
| Subjects: | |
| Online Access: | https://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/1121 |
| _version_ | 1797837264981590016 |
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| author | Nhat Thien Tran Ha Huy Thai |
| author_facet | Nhat Thien Tran Ha Huy Thai |
| author_sort | Nhat Thien Tran |
| collection | DOAJ |
| description |
This paper revisits the theoretical framework of endogenous economic growth by considering models where human capital accumulation is at the center of the growth process. Our work is in line with Lucas (2015), who calls for not giving “too large a role to exogenous technological change” (p. 86) while advocating that “the contribution of human capital accumulation to economic growth deserves a production function of its own” (p. 87). The main finding of our research provides the long-term behavior of economies, where our main results locate and extend these discussions to infinite-horizon models in several ways.
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| first_indexed | 2024-04-09T15:21:58Z |
| format | Article |
| id | doaj.art-ca9714f112ad44d2922f1456e8849eae |
| institution | Directory Open Access Journal |
| issn | 0866-787X |
| language | English |
| last_indexed | 2024-04-09T15:21:58Z |
| publishDate | 2023-04-01 |
| publisher | Dalat University |
| record_format | Article |
| series | Tạp chí Khoa học Đại học Đà Lạt |
| spelling | doaj.art-ca9714f112ad44d2922f1456e8849eae2023-04-29T08:55:21ZengDalat UniversityTạp chí Khoa học Đại học Đà Lạt0866-787X2023-04-01134S10.37569/DalatUniversity.13.4S.1121(2023)HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTHNhat Thien Tran0Ha Huy Thai1Dalat UniversityUniversity of Evry (University of Paris-Saclay) This paper revisits the theoretical framework of endogenous economic growth by considering models where human capital accumulation is at the center of the growth process. Our work is in line with Lucas (2015), who calls for not giving “too large a role to exogenous technological change” (p. 86) while advocating that “the contribution of human capital accumulation to economic growth deserves a production function of its own” (p. 87). The main finding of our research provides the long-term behavior of economies, where our main results locate and extend these discussions to infinite-horizon models in several ways. https://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/1121Dynamic programmingEndogenous growthHuman capital. |
| spellingShingle | Nhat Thien Tran Ha Huy Thai HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH Tạp chí Khoa học Đại học Đà Lạt Dynamic programming Endogenous growth Human capital. |
| title | HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH |
| title_full | HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH |
| title_fullStr | HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH |
| title_full_unstemmed | HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH |
| title_short | HUMAN CAPITAL AS THE SOURCE OF ECONOMIC GROWTH |
| title_sort | human capital as the source of economic growth |
| topic | Dynamic programming Endogenous growth Human capital. |
| url | https://tckh.dlu.edu.vn/index.php/tckhdhdl/article/view/1121 |
| work_keys_str_mv | AT nhatthientran humancapitalasthesourceofeconomicgrowth AT hahuythai humancapitalasthesourceofeconomicgrowth |