New evidence on the role of human capital in economic development

Abdulla K.
2023 Routledge

Applied Economics
2023 #55 Issue 10 1062 - 1073 pp.

This study provides new evidence on the role of human capital in economic development by investigating the earnings and occupational attainment of immigrants in Venezuela. The results show that immigrants are representative of the source country’s population and are more likely to use their skills in the labour market of the host country. This allows us to measure the human capital endowments of the source countries more precisely. Using the standard development accounting framework to explain the variation in output, the study finds that physical capital and human capital account for 73–79% of income differences across countries.

Development accounting , human capital , income differences

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Nazarbayev University, Nur-Sultan, Kazakhstan

Nazarbayev University

10 лет помогаем публиковать статьи Международный издатель

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