Quality of Human Capital Investments and Growth in a Solow-Type Model
Year Book of the Faculty of Economics and Business Administration, Vol. 3, pp. 95-104, 2004
12 Pages Posted: 10 Mar 2012
Date Written: July 9, 2003
Abstract
In this paper we present a modification of a Solow-type model with human capital. We introduce an assumption of non-effectiveness of education and training systems and other means of human capital investment, which leads to new results concerning steady-state economic growth and convergence.
Keywords: economic growth, human capital, efficiency, investment
Suggested Citation: Suggested Citation
Simeonova-Ganeva, Ralitsa and Ganev, Kaloyan, Quality of Human Capital Investments and Growth in a Solow-Type Model (July 9, 2003). Year Book of the Faculty of Economics and Business Administration, Vol. 3, pp. 95-104, 2004, Available at SSRN: https://ssrn.com/abstract=2019139
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