The Role of Human Capital in Imperfectly Informed International Financial Markets

2010 ◽  
Author(s):  
Isaac Ehrlich ◽  
Jong Kook Shin
Keyword(s):  
Human Capital ◽  
Financial Markets ◽  
International Financial Markets

Path from human capital to economic growth: A free highway or a complicated labyrinth?

2017 ◽  
pp. 5-23 ◽  
Author(s):  
I. Lyubimov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Education Policy ◽  
Financial Markets ◽  
Capital Accumulation ◽  
Human Capital Accumulation ◽  
Limited Effect ◽  
Rights Protection ◽  
Property Rights Protection

In this paper, we consider a number of causes which can potentially explain why human capital accumulation policies might have limited effect on economic growth. Mixed empirical results can be found in the literature, both supporting and questioning the key role of human capital as an important cause of economic growth. We focus on the latter and start from pointing at inaccurate indicators of human capital accumulation, such as the average years of schooling, which might not reflect with acceptable level of accuracy the level of human capital accumulated in a particular economy. We then consider the role of other causes of economic growth, such as property rights protection or financial markets development, which might affect the demand for human capital, thus potentially limiting the effect of a policy affecting the supply of human capital. We then discuss the efficiency of human capital distribution among various activities in a particular economy and argue that the way the economy uses its human capital stock might matter for its growth rates. Finally we point at potential flaws in education policy, which might result in slow accumulation of human capital.

The Role of Hedge Funds in International Financial Markets

2002 ◽  
Vol 31 (1) ◽  
pp. 33-57 ◽  
Author(s):  
Catherine Lubochinsky ◽  
M. D. Fitzgerald ◽  
Lee McGinty
Keyword(s):  
Financial Markets ◽  
Hedge Funds ◽  
International Financial Markets
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