Does Human Capital Generate Social and Institutional Capital? Exploring Evidence from South African Time Series Data

Posted: 2 Oct 2008

See all articles by Johannes W. Fedderke

Johannes W. Fedderke

University of the Witwatersrand - School of Economics and Business Sciences; University of Cape Town

John Luiz

University of the Witwatersrand

Date Written: October 2008

Abstract

This paper presents an analysis of the interaction of human capital investment and the development of social and political institutions. We find that human capital matters—for growth through its quality dimension; for distributional conflict by raising political aspirations. But human capital does not stand alone either. The level of economic development (output) matters, distributional (instability) conflict as well as the rights dispensation can come to influence human capital investment decisions in their own right. Social, human capital, political as well as economic dimensions are densely interwoven in webs of association.

JEL Classification: O4, O1, I2, Z13

Suggested Citation

Fedderke, Johannes and Luiz, John, Does Human Capital Generate Social and Institutional Capital? Exploring Evidence from South African Time Series Data (October 2008). Oxford Economic Papers, Vol. 60, Issue 4, pp. 649-682, 2008. Available at SSRN: https://ssrn.com/abstract=1277043 or http://dx.doi.org/gpn007

Johannes Fedderke (Contact Author)

University of the Witwatersrand - School of Economics and Business Sciences ( email )

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WITS 2050
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University of Cape Town ( email )

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Rondebosch, Western Cape 7701
South Africa

John Luiz

University of the Witwatersrand ( email )

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Johannesburg, GA Gauteng 2000
South Africa

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