Investment, human capital and institutions: A multiequational approach for the study of economic growth

• Autores: Gregorio Giménez, Jaime Jesús Sanaú Villarroya
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 9, Nº. 1, 2009, págs. 11-28
• Idioma: inglés
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• Resumen

  • This paper looks at the growth of a varied sample of countries during the period 1985-2000, focusing on three key variables: investment in physical capital, human capital and institutions. The analysis pays special attention to the process of the accumulation of these variables and their interrelationships. The results show that empirical research on growth should highlight the aspects of the accumulation and interrelationships of factors through the use of systems of equations such as that proposed in this study.