Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights

When the Solow model is augmented with variables for institutions and human capital and estimated with national data for rates of investment in education, it can explain most of the variation in cross-country standards of living. The empirical results indicate that human capital is as important as p...

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Autores:
Breton, Theodore R.
Tipo de recurso:
Fecha de publicación:
2004
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7611
Acceso en línea:
http://hdl.handle.net/10784/7611
Palabra clave:
Governance
Corruption
Solow model
Human capital
Economic growth
Rights
License
restrictedAccess
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spelling 20042015-11-06T16:38:29Z20042015-11-06T16:38:29Z1053-5357http://hdl.handle.net/10784/7611doi:10.1016/j.socec.2003.12.004When the Solow model is augmented with variables for institutions and human capital and estimated with national data for rates of investment in education, it can explain most of the variation in cross-country standards of living. The empirical results indicate that human capital is as important as physical capital in the determination of national income and that a high government share of consumption substantially reduces total factor productivity (TFP) and national income. The results also indicate that government integrity is endogenous in the development process and has an uncertain effect on total factor productivity.engElsevierJournal of Socio-Economics. Vol.33(1), 2004, pp.45-69http://www.sciencedirect.com/science/article/pii/S1053535703001069http://www.sciencedirect.com/science/article/pii/S1053535703001069restrictedAccessCopyright © 2004 Elsevier Inc. All rights reserved.Acceso restringidohttp://purl.org/coar/access_right/c_16ecJournal of Socio-Economics. Vol.33(1), 2004, pp.45-69Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insightsarticleinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoObra publicadapublishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1GovernanceCorruptionSolow modelHuman capitalEconomic growthEscuela de Economía y FinanzasEconomíaBreton, Theodore R.Universidad EAFIT, Departamento de Economía y Finanzas, Medellín, Colombia.Estudios en Economía y EmpresaJournal of Socio-Economics3314569ORIGINALarticulo.htmlarticulo.htmlTexto completotext/html298https://repository.eafit.edu.co/bitstreams/c2f7c445-a3e0-4321-9f86-f410d19c4990/download0d23af89f28c0ea98093449693ddb9e2MD5110784/7611oai:repository.eafit.edu.co:10784/76112020-05-08 14:49:36.255open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
title Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
spellingShingle Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
Governance
Corruption
Solow model
Human capital
Economic growth
title_short Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
title_full Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
title_fullStr Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
title_full_unstemmed Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
title_sort Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights
dc.creator.fl_str_mv Breton, Theodore R.
dc.contributor.department.spa.fl_str_mv Escuela de Economía y Finanzas
Economía
dc.contributor.author.spa.fl_str_mv Breton, Theodore R.
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT, Departamento de Economía y Finanzas, Medellín, Colombia.
dc.contributor.program.spa.fl_str_mv Estudios en Economía y Empresa
dc.subject.keyword.eng.fl_str_mv Governance
Corruption
Solow model
Human capital
Economic growth
topic Governance
Corruption
Solow model
Human capital
Economic growth
description When the Solow model is augmented with variables for institutions and human capital and estimated with national data for rates of investment in education, it can explain most of the variation in cross-country standards of living. The empirical results indicate that human capital is as important as physical capital in the determination of national income and that a high government share of consumption substantially reduces total factor productivity (TFP) and national income. The results also indicate that government integrity is endogenous in the development process and has an uncertain effect on total factor productivity.
publishDate 2004
dc.date.issued.none.fl_str_mv 2004
dc.date.available.none.fl_str_mv 2015-11-06T16:38:29Z
dc.date.accessioned.none.fl_str_mv 2015-11-06T16:38:29Z
dc.date.none.fl_str_mv 2004
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.hasVersion.spa.fl_str_mv Obra publicada
dc.type.hasVersion.eng.fl_str_mv publishedVersion
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 1053-5357
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7611
dc.identifier.doi.none.fl_str_mv doi:10.1016/j.socec.2003.12.004
identifier_str_mv 1053-5357
doi:10.1016/j.socec.2003.12.004
url http://hdl.handle.net/10784/7611
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Journal of Socio-Economics. Vol.33(1), 2004, pp.45-69
dc.relation.isversionof.none.fl_str_mv http://www.sciencedirect.com/science/article/pii/S1053535703001069
dc.relation.uri.none.fl_str_mv http://www.sciencedirect.com/science/article/pii/S1053535703001069
dc.rights.eng.fl_str_mv restrictedAccess
dc.rights.spa.fl_str_mv Copyright © 2004 Elsevier Inc. All rights reserved.
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.spa.fl_str_mv Acceso restringido
rights_invalid_str_mv restrictedAccess
Copyright © 2004 Elsevier Inc. All rights reserved.
Acceso restringido
http://purl.org/coar/access_right/c_16ec
dc.publisher.eng.fl_str_mv Elsevier
dc.source.spa.fl_str_mv Journal of Socio-Economics. Vol.33(1), 2004, pp.45-69
institution Universidad EAFIT
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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