Asymmetries in educational systems and institutional patterns: towards the construction of a human capital global indicator
Abstract
This paper presents a theoretical and empirical review of the relationship between human capital and economic growth. It is found that there is a relationship between human capital and other factors, such as the quality of education, political stability, the reliability of the judicial system, corruption and bureaucracy. Likewise, an analysis is presented about the theoretical considerations of human capital, highlighting the statistical divergences presented in the estimated coefficients, when different variables are taken to capture the effects of this factor on the product. In addition, a theoretical review is made on the importance of human capital in productivity, and institutional asymmetries are analyzed with current statistics for 37 countries. Finally, a Human Capital Global Indicator (IGCH) is proposed and calculated.Downloads
References
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