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| Author | : Gyuhan Kim |
| Publisher | : |
| Total Pages | : 290 |
| Release | : 1989 |
| Genre | : Human capital |
| ISBN | : |
| Author | : Dörte Dömeland |
| Publisher | : World Bank Publications |
| Total Pages | : 54 |
| Release | : 2007 |
| Genre | : Comparative Advantage |
| ISBN | : |
This study provides empirical evidence that trade increases on-the-job human capital accumulation by estimating the effect of home country openness on estimated returns to home country experience of U.S. immigrants. The positive effect of trade on on-the-job human capital accumulation remains significant when controlling for GDP, educational attainment, and institutional quality. It is not the result of self-selection, heterogeneity in returns to experience, English-speaking origin, or cultural background. The effect persists when restricting the sample to non-OECD countries, thereby resolving the theoretical ambiguity of whether trade increases or decreases learning-by-doing. The role of trade in generating economic growth is therefore likely to be more important than generally considered.
| Author | : Hendrik Van den Berg |
| Publisher | : Routledge |
| Total Pages | : 453 |
| Release | : 2015-01-30 |
| Genre | : Business & Economics |
| ISBN | : 1317467388 |
Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well-known theory on international trade, and then take the student into more recent and less well-known work, all with a careful balance between empirical and theoretical perspectives. A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. An Instructor's Manual is available to professors who adopt the text.
| Author | : Mr.Se-Jik Kim |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 1999-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1451844026 |
This paper presents a multisector growth model where education enhances general human capital, which is essential for increasing or maintaining the mobility of workers across industries. The paper shows that education, combined with international trade, can affect growth positively in the long run by raising workers’ ability to adapt and move easily to industries with the greatest productivity in each period. Depending on the initial ratio of general-to-specific human capital stock, multiple equilibrium growth paths can exist, including a poverty trap. If the ratio is not substantially low, trade liberalization can allow an economy in a poverty trap to transform into one with continuous education and higher output growth.
| Author | : Michele Boldrin |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 328 |
| Release | : 2004-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781782542001 |
Human Capital, Trade and Public Policy in Rapidly Growing Economies argues that only two centuries ago, no society had ever enjoyed sustained growth in living standards. The contributors to this book aim to discover why the world today exhibits a predilection for perpetual self-improvement. In particular, the book focuses on the forces underlying long-lasting growth in East Asia's Newly Industrialized Countries (NICs). Drawing from the experiences of Hong Kong, South Korea, Singapore and Taiwan, it questions whether public policy can contribute to removing barriers towards accumulation of wealth, and if so, what development policy should be put in place to remedy the existing distortions or market failure problems.
| Author | : D??rte D??meland |
| Publisher | : |
| Total Pages | : |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
This study provides empirical evidence that trade increases on-the-job human capital accumulation by estimating the effect of home country openness on estimated returns to home country experience of U.S. immigrants. The positive effect of trade on on-the-job human capital accumulation remains significant when controlling for GDP, educational attainment, and institutional quality. It is not the result of self-selection, heterogeneity in returns to experience, English-speaking origin, or cultural background. The effect persists when restricting the sample to non-OECD countries, thereby resolving the theoretical ambiguity of whether trade increases or decreases learning-by-doing. The role of trade in generating economic growth is therefore likely to be more important than generally considered.
| Author | : Marzenna Anna Weresa |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 493 |
| Release | : 2013-11-18 |
| Genre | : Political Science |
| ISBN | : 3319020722 |
This work focuses on researching and establishing the importance of human capital and innovation as determinants of competitive advantages in international trade—in the context of rapidly evolving technological advancement, globalization, and economic integration. The processes that accompany the shift from industrial economics to a knowledge-based economy are currently the object of interest of both scientists, politicians, investors and entrepreneurs. In many countries, the traditional sources of socioeconomic development, such as low labor costs, availability of inexpensive raw materials, and favorable geographic location are waning. These economies are searching for new sources of competitive advantage that will allow for maintaining growth, among other things by boosting participation in international trade. The book explores non-traditional drivers of competitiveness in both theory and practice. First, chapters 1 through 4 present theoretical and methodological aspects of the relationships among international trade, human capital and innovation. Here the authors address the controversy associated with the concept of competitiveness itself and its measurement, while paying special attention to the political development of comparative advantages related to international trade. The second part of the monograph, chapters 5 through 8, is of empirical nature. This section contains case studies of selected countries that represent models of various national innovation systems. Finally, the theoretical and practical aspects are integrated, allowing policymakers and financial and business leaders to consider how their decisions can influence their countries’ competitive positions through their investments in innovation and human capital.
| Author | : Khim Samitt |
| Publisher | : GRIN Verlag |
| Total Pages | : 88 |
| Release | : 2014-10-06 |
| Genre | : Political Science |
| ISBN | : 3656759790 |
Master's Thesis from the year 2013 in the subject Business economics - Economic Policy, grade: 1,3, , language: English, abstract: This thesis addresses the relationship between economic development and trade openness as well as some structural factors (i.e., human capital, financial resources and institution) in the ASEAN countries. This thesis has three objectives. First, it attempts to qualitatively describe the ASEAN cooperation in order to promote interest in ASEAN. Second, it quantitatively estimates the effect of international trade on economic development of the ASEAN nations. Finally, it investigates how the effect of international trade on economic growth varies as a result of differences in human capital, financial resources and institution across the ASEAN nations. To accomplish these tasks, panel dataset on the ASEAN nations from 1980 to 2010 are collected and pooled OLS, fixed-effect and instrumental variable models are applied to the dataset. Taking into account a variety of specification issues as well as endogeneity of trade openness, the research results show that trade openness plays an extremely important role on economic development of these countries. In addition, the benefit from trade openness is greater in countries that have more educated workers, deeper financial resources and better quality of institution. In conclusion, this thesis suggests that these structural factors need to be strengthened in order to benefit more from international trade. Key words: International trade; human capital; financial development; institution; ASEAN; fixed effect; instrumental variable; policy reforms
| Author | : Irma Adelman |
| Publisher | : Springer |
| Total Pages | : 200 |
| Release | : 1979-12-13 |
| Genre | : Business & Economics |
| ISBN | : 1349162299 |
| Author | : Rainer Maurer |
| Publisher | : |
| Total Pages | : 270 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : |
The process of globalization is increasing the integration of all kinds of economic activity. Meanwhile, the international division of labor has reached levels unprecedented in history. The neoclassical theories of international trade predict positive net welfare effects of international economic integration; yet, in so doing, they primarily focus on static welfare effects. Early critics of the "free trade paradigm", like Friedrich List, hold that this focus on static welfare effects is a major shortcoming of these theories. New developments in the theory of economic growth make it possible now to analyze the dramatic effects of international trade on economic development and to develop new theories. In the first part of his book, Maurer derives different sets of conditions necessary for international trade to have a positive or negative effect on economic development. In the second part, he estimates the effects of international trade with capital goods on economic growth: the effect imports of capital goods may have on the transition towards steady state and the effect the international trade with capital goods may have on total factor productivity growth. The results indicate that capital goods imports have a significant positive effect on both sources of economic growth.
