Neoclassical and Endogenous Growth Models
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Human capital in this thesis is discussed in terms of a factor of production which may increase output and productivity as the aggregate stock of skills, training, education, knowledge and ability of its workforce increases. Different levels of human capital may contribute to different degrees towards economic growth, depending on the stage of economic development and the intertwined relationship with technological change.
KeywordsEconomic Growth Human Capital Technological Change Total Factor Productivity Technological Progress
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