The EFfects of Fiscal Policy on Human Capital Accumulation: Evidence from OECD Countries

2005 ◽  
Author(s):  
K. Peren Peren Arin ◽  
Xiaoming Li
Keyword(s):  
Human Capital ◽  
Fiscal Policy ◽  
Capital Accumulation ◽  
Oecd Countries ◽  
Human Capital Accumulation

scholarly journals HUMAN CAPITAL ACCUMULATION AND THE TRANSITION FROM SPECIALIZATION TO MULTITASKING

2008 ◽  
Vol 12 (3) ◽  
pp. 320-344 ◽  
Author(s):  
RAOUF BOUCEKKINE ◽  
PATRICIA CRIFO
Keyword(s):  
Human Capital ◽  
Organizational Change ◽  
Capital Accumulation ◽  
Work Organization ◽  
Oecd Countries ◽  
Computer Usage ◽  
Human Capital Accumulation ◽  
Dynamic Perspective ◽  
Theoretical Foundations

This paper provides theoretical foundations to the contemporaneous increase in computer usage, human capital, and multitasking observed in many OECD countries during the 1990s. The links among work organization, technology, and human capital is modelled by establishing the conditions under which firms allocate the workers' time among several productive tasks. Organizational change is then analyzed in a dynamic perspective as the transition from specialization toward multitasking emphasizing its technological and educational determinants. We show that large enough “organizational shocks” can trigger a transition from specialization to multitasking, and this transition obviously should be accompanied by gradual increases in human capital.

Stock vs flow specification of public infrastructures: a dynamic analysis

2018 ◽  
Vol 18 (2) ◽  
Author(s):  
Rolando A. Escobar-Posada ◽  
Goncalo Monteiro
Keyword(s):  
Growth Rate ◽  
Human Capital ◽  
Fiscal Policy ◽  
Government Spending ◽  
Capital Accumulation ◽  
Public Expenditure ◽  
Human Capital Accumulation ◽  
Sector Model ◽  
The Government ◽  
The Impact

Abstract We develop a two-sector model of physical and human capital accumulation, in which the government may allocate resources to both sectors, thereby enhancing productivity. We analyze the impact of both the level of government spending and its composition on growth and welfare, and derive their respective growth-maximizing levels. We show that both the growth-maximizing and welfare-maximizing rates of allocation of public expenditure are independent of the way infrastructures are defined (flow or stock). This conclusion, however, does not extend to the dynamics of the model where the adjustment to fiscal policy is very different. After a tax cut, for instance, the growth rate of physical and human capital converge to the new equilibrium from opposite directions under the stock specification; whereas they converge from the same direction under the flow specification.

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

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