Book contents
- The World Economy
- The World Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- 1 The new world order
- 2 US economic growth – retrospect and prospect: lessons from a prototype industry-level production account for the US, 1947–2012
- 3 The structural causes of Japan’s Lost Decades
- 4 Productivity growth in Europe before and since the 2008/2009 economic and financial crisis
- 5 LA-KLEMS: economic growth and productivity in Latin America
- 6 On China’s strategic move for a new stage of development – a productivity perspective
- 7 Productivity growth in India under different policy regimes
- 8 Is mining fuelling long-run growth in Russia? Industry productivity growth trends in 1995–2012
- 9 Intangibles, ICT and industry productivity growth: evidence from the EU
- 10 Do intangibles contribute to productivity growth in East Asian countries? Evidence from Japan and Korea
- 11 BEA/BLS industry-level production account for the US: integrated sources of growth, intangible capital, and the US recovery
- 12 Measuring human capital: country experiences and international initiatives
- 13 A half century of Trans-Pacific competition: price level indices and productivity gaps for Japanese and US industries, 1955–2012
- 14 Searching for convergence and its causes – an industry perspective
- 15 The rise of global manufacturing value chains: a new perspective based on the World Input–Output Database
- Index
- References
12 - Measuring human capital: country experiences and international initiatives
Published online by Cambridge University Press: 07 January 2017
Book contents
- The World Economy
- The World Economy
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- 1 The new world order
- 2 US economic growth – retrospect and prospect: lessons from a prototype industry-level production account for the US, 1947–2012
- 3 The structural causes of Japan’s Lost Decades
- 4 Productivity growth in Europe before and since the 2008/2009 economic and financial crisis
- 5 LA-KLEMS: economic growth and productivity in Latin America
- 6 On China’s strategic move for a new stage of development – a productivity perspective
- 7 Productivity growth in India under different policy regimes
- 8 Is mining fuelling long-run growth in Russia? Industry productivity growth trends in 1995–2012
- 9 Intangibles, ICT and industry productivity growth: evidence from the EU
- 10 Do intangibles contribute to productivity growth in East Asian countries? Evidence from Japan and Korea
- 11 BEA/BLS industry-level production account for the US: integrated sources of growth, intangible capital, and the US recovery
- 12 Measuring human capital: country experiences and international initiatives
- 13 A half century of Trans-Pacific competition: price level indices and productivity gaps for Japanese and US industries, 1955–2012
- 14 Searching for convergence and its causes – an industry perspective
- 15 The rise of global manufacturing value chains: a new perspective based on the World Input–Output Database
- Index
- References
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- The World EconomyGrowth or Stagnation?, pp. 429 - 468Publisher: Cambridge University PressPrint publication year: 2016
References
Abraham, K. G. 2010. “Accounting for Investment in Formal Education,” Survey of Current Business, June: 42–53.Google Scholar
Abraham, K. G., and Mackie, C.. 2005. Beyond the Market: Designing Nonmarket Accounts for the United States. Washington: The National Academic Press.Google Scholar
Ahlroth, S., Björklund, A., and Forslund, A.. 1997. “The Output of the Swedish Education Sector,” Review of Income and Wealth, 43(1): 89–104.CrossRefGoogle Scholar
Arrow, K. J., Dasgupta, P., Goulder, L. H., Mumford, K. J., and Oleson, K.. 2012. “Sustainability and the Measurement of Wealth,” Environment and Development Economics, 17(3).CrossRefGoogle Scholar
Azariadis, C. and Drazen, A.. 1990. “Threshold Externalities in Economic Development,” Quarterly Journal of Economics, 105(2): 501–526.CrossRefGoogle Scholar
Barro, R. J. 2001. “Human Capital and Growth,” American Economic Review, Papers and Proceedings, 91(2): 12–17.CrossRefGoogle Scholar
Barro, R. J. and Lee, J. W.. 1993. “International Comparisons of Educational Attainment,” Journal of Monetary Economics, 32: 363–394.CrossRefGoogle Scholar
Barro, R. J. and Lee, J. W.. 1996. “International Measures of Schooling Years and Schooling Quality,” American Economic Review, 86: 218–23.Google Scholar
Barro, R. J. and Lee, J. W.. 2001. “International Data on Educational Attainment: Updates and Implications,” Oxford Economic Papers, 53(3).CrossRefGoogle Scholar
Barro, R. J. and Lee, J. W.. 2010. “A New Data Set of Educational Attainment in the World, 1950–2010,” NBER Working Paper Series, 15902.Google Scholar
Barro, R. J. and Lee, J. W.. 2013. “A New Data Set of Educational Attainment in the World, 1950–2010,” Journal of Development Economics, 104: 184–198.CrossRefGoogle Scholar
Benhabib, J. and Spiegel, M. M.. 1994. “The Role of Human Capital in Economic Development: Evidence from Aggregate Cross-Country and Regional US Data,” Journal of Monetary Economics, 34(2): 143–173.CrossRefGoogle Scholar
Boarini, R., Mira d’Ercole, M., and Liu, G.. 2012. “Approaches to Measuring the Stock of Human Capital: A Review of Country Practices,” OECD Statistics Working Papers, No. 2012/04, OECD Publishing.Google Scholar
Christian, M. S. 2010. “Human Capital Accounting in the United States, 1964–2006,” Survey of Current Business, June: 31–36.Google Scholar
Coremberg, A. 2010. “The Economic Value of Human Capital and Education in an Unstable Economy: the case of Argentina,” Paper Presented at the 31st General Conference of The International Association for Research in Income and Wealth, St. Gallen, Switzerland, August 22–28.Google Scholar
Ederer, P., Schuller, P., and Willms, S.. 2007. Innovation at Work: The European Human Capital Index, Brussels: The Lisbon Council Policy Brief, Volume 2, Number 3.Google Scholar
Ederer, P., Schuller, P., and Willms, S.. 2011. Human Capital Leading Indicators – How Europe’s Regions and Cities Can Drive Growth and Foster Inclusion. Brussels: The Lisbon Council.Google Scholar
Eisner, R. 1978. “Total Incomes in the United States 1959 and 1969,” Review of Income and Wealth, 24(1): 41–70.CrossRefGoogle Scholar
Eisner, R. 1985. “The Total Incomes System of Accounts,” Survey of Current Business, 65(1): 2448.Google Scholar
Eisner, R. 1988. “Extended Accounts for National Income and Product,” Journal of Economic Literature, 26(2): 1611–1684.Google Scholar
Ervik, A. O., Holmøy, E., and Hægeland, T.. 2003. “A Theory-based Measure of the Output of the Education Sector,” Discussion Paper, No. 353, Statistics Norway.Google Scholar
Ewerhart, G. 2001. “Humankapital in Deutschland: Bildungsinvestitionen, Bildungsvermögen und Abschreibungen auf Bildung. Erweiterte Input–Output-Arbeitsmarktanalyse” (“Human Capital Formation in Germany: Investment, Education and Asset Write-downs on Formation. Extended Input–Output Analysis, Labor Market”), Contributions to the Labour Market and Employment Research, 247: 77.Google Scholar
Ewerhart, G. 2003. “Ausreichende Bildungsinvestitionen in Deutschland? Bildungsinvestitionen und Bildungsvermögen in Deutschland 1992–1999” (“Sufficient Investment in Education in Germany? Investment in Education and Training Capacity in Germany, 1992–1999”), Contributions to the Labour Market and Employment Research, 266: 65.Google Scholar
Farr, W. 1853. “Equitable Taxation of Property,” Journal of Royal Statistics, 16(March): 145.Google Scholar
Ferreira, S. and Hamilton, K.. 2010. “Comprehensive Wealth, Intangible Capital, and Development,” Policy Research Working Paper, 5452, The World Bank.Google Scholar
Fraumeni, B. M. 2009. “A Measurement Specialist’s Perspective on Human Capital,” Presentation at China Centre for Human Capital and Labour Market Research, Central University of Finance and Economics, Beijing, China, June 11.Google Scholar
Fraumeni, B. M., Christian, M. S., and Samuels, J. D.. 2015. “The Accumulation of Human and Nonhuman Capital, Revisited,” Paper Presented at the International Association for Research in Income and Wealth Conference “W(h)ither the SNA?” Paris, April 17.Google Scholar
Graham, J. W. and Webb, R. H.. 1979. “Stocks and Depreciation of Human Capital: New Evidence from a Present-value Perspective,” Review of Income and Wealth, 25(2): 209–224.CrossRefGoogle Scholar
Greaker, M. and Liu, G.. 2008. “Measuring the Stock of Human Capital for Norway – A Lifetime Labour Income Approach,” Paper Presented at the OECD Workshop on “The Measurement of Human Capital,” Turin, Italy, November 3–4.Google Scholar
Greaker, M., Løkkevik, P., and Walle, M. A.. 2005. “Utviklingen i den norske nasjonalformuen fra 1985 til 2004. Et eksempel på bærekraftig utvikling?” (“Development of the Norwegian National Wealth 1985–2004. An Example of Sustainable Development?”), Report 2005/13, Statistics Norway, Oslo.Google Scholar
Gu, W. and Wong, A.. 2008. “Human Development and its Contribution to the Wealth Accounts in Canada”, Paper Presented at the OECD Workshop on “The Measurement of Human Capital,” Turin, Italy, November 3–4.Google Scholar
Gu, W. and Wong, A.. 2010a. “Estimates of Human Capital in Canada: The Lifetime Income Approach,” Economic Analysis Research Paper Series, No. 062, Statistics Canada.Google Scholar
Gu, W. and Wong, A.. 2010b. “Investment in Human Capital and the Output of the Education Sector in Canada,” Draft Working Paper, Statistics Canada.Google Scholar
Gundimeda, H., Sanyal, S., Sinha, R., and Sukhdev, P.. 2006. “Estimating the Value of Educational Capital Formation in India,” Monograph 5, Green Accounting for Indian States Project (GAISP), TERI Press, New Delhi, India, March.Google Scholar
Hamilton, K. 2013. “Estimating the Value of Human Capital with Limited Data”, Unpublished Document, the World Bank.Google Scholar
Hamilton, K. and Liu, G.. 2014. “Human Capital, Tangible Wealth, and the Intangible Capital Residual,” Oxford Review of Economic Policy, 30(1): 70–91.CrossRefGoogle Scholar
Islam, N. 1995. “Growth Empirics: A Panel Data Approach,” Quarterly Journal of Economics, 110(4): 1127–1170.CrossRefGoogle Scholar
Istat. 2013. “Il valore dello stock di capitale umano in Italia,” Paper Presented at the Conference “Misurare il capitale umano. Esperienze e prospettive,” Rome, Italy, January 18.Google Scholar
Jones, R. and Chiripanhura, B.. 2010. “Measuring the UK’s Human Capital Stock,” Economic and Labour Market Review, UK Office for National Statistics, November, 36–63.Google Scholar
Jorgenson, D. W. and Fraumeni, B. M.. 1989. “The Accumulation of Human and Non-human Capital, 1948–1984.” In Lipsey, R. E. and Tice, H. S. (eds.), The Measurement of Savings, Investment, and Wealth. University of Chicago Press.Google Scholar
Jorgenson, D. W. and Fraumeni, B. M.. 1992a. “The Output of Education Sector.” In Griliches, Z. (ed.), Output Measurement in the Service Sectors. University of Chicago Press.Google Scholar
Jorgenson, D. W. and Fraumeni, B. M.. 1992b. “Investment in Education and US Economic Growth,” Scandinavian Journal of Economics, 94, Supplement: 51–70.CrossRefGoogle Scholar
Keeley, B. 2007. Human Capital: How What you Know Shapes Your Life. OECD Publishing, Paris.CrossRefGoogle Scholar
Kendrick, J. 1976. The Formation and Stocks of Total Capital. New York: Columbia University Press.Google Scholar
Kiker, B. F. 1966. “The Historical Roots of the Concept of Human Capital,” Journal of Political Economy, 74(5): 481–499.CrossRefGoogle Scholar
Kokkinen, A. 2008. “Human Capital and Finland’s Economic Growth in 1910–2000 – Assessing Human Capital Accumulation by Education inside the National Accounts Framework,” Paper Presented at the 30th General Conference of the International Association for Research in Income and Wealth (IARIW), Poster Session I: National Accounts Issues, August 24–30, Portoroz, Slovenia.Google Scholar
Kokkinen, A. 2010. “Assessing Human Capital in the National Accounts – Is there a Feedback to Theory?” Paper Presented at the 31st General Conference of the International Association for Research in Income and Wealth (IARIW), Session 8C, August 22–28, St. Gallen, Switzerland.Google Scholar
Krueger, A. B. and Lindahl, M.. 2001. “Education for Growth: Why and For Whom?” Journal of Economic Literature, 39(4): 1101–1136.CrossRefGoogle Scholar
Kyriacou, G. A. 1991. “Level and Growth Effects of Human Capital: A Cross-country Study of the Convergence Hypothesis,” Economic Research Reports 19–26, C. V. Starr Centre for Applied Economics, New York University.Google Scholar
Le, T., Gibson, J., and Oxley, L.. 2003. “Cost- and Income-based Measures of Human Capital,” Journal of Economic Surveys, 17(3): 271–307.CrossRefGoogle Scholar
Le, T., Gibson, J., and Oxley, L.. 2006. “A Forward-looking Measure of the Stock of Human Capital in New Zealand,” The Manchester School, 74(5): 593–609.CrossRefGoogle Scholar
Levine, R. E. and Renelt, D.. 1992. “A Sensitivity Analysis of Cross-country Growth Regressions,” American Economic Review, 82(4): 942–963.Google Scholar
Li, H. 2013. “Human Capital in China,” China Center for Human Capital and Labor Market Research, Central University of Finance and Economics, Beijing, China, December.Google Scholar
Li, H., Liang, Y., Fraumeni, B. M., Liu, Z., and Wang, X.. 2010. “Human Capital in China,” Paper Presented at the 31st General Conference of The International Association for Research in Income and Wealth, St. Gallen, Switzerland, August 22–28.Google Scholar
Liu, G. 2011. “Measuring the Stock of Human Capital for Comparative Analysis: An Application of the Lifetime Income Approach to Selected Countries,” OECD Statistics Working Papers, No. 2011/06, OECD Publishing.Google Scholar
Liu, G. 2012. “The OECD Human Capital Project: A Technical Report,” Unpublished Document, OECD Statistics Directorate.Google Scholar
Liu, G. 2014. “Measuring the Stock of Human Capital for International and Inter-temporal Comparisons.” In Jorgenson, D., Landefeld, S. and Schreyer, P. (eds.), Measuring Economic Sustainability and Progress. National Bureau of Economic Research, University of Chicago Press, 493–544.Google Scholar
Liu, G. and Greaker, M.. 2009. “Measuring the Stock of Human Capital for Norway – A Lifetime Labour Income Approach,” Documents, 2009/12, Statistics Norway.Google ScholarPubMed
Mankiw, N. G., Romer, D., and Weil, D. N.. 1992. “A Contribution to the Empirics of Growth,” Quarterly Journal of Economics, 107(2): 408–437.CrossRefGoogle Scholar
Mincer, J. 1974. Schooling, Experience and Earnings. New York: Columbia University Press.Google Scholar
Mulligan, C. B. and Sala-i-Martin, X.. 1995. “Measuring Aggregate Human Capital,” NBER Working Paper, No. 5016, Cambridge, MA.Google Scholar
OECD. 1996. Measuring What People Know – Human Capital Accounting for the Knowledge Economy. Paris: OECD Publishing.Google Scholar
OECD. 1998. Human Capital Investment: An International Comparison. Paris: OECD Publishing.Google Scholar
OECD. 2001. The Well-being of Nations: The Role of Human and Social Capital. Paris: OECD Publishing.Google Scholar
OECD, Eurostat, and WHO. 2011. A System of Health Accounts 2011. Paris: OECD Publishing.Google Scholar
O’Mahony, M. and Timmer, M. P.. 2009. “Output, Input and Productivity Measures at the Industry Level: the EU KLEMS Database,” Economic Journal, 119(538):F374-F403.CrossRefGoogle Scholar
Petty, W. 1690. Political Arithmetic. Reprinted in Hull, C. H.. 1899. The Economic Writings of Sir William Petty. Cambridge University Press.Google Scholar
Romer, P. M. 1990. Human Capital and Growth: Theory and Evidence. Carnegie-Rochester Conference Series on Public Policy, 32: 251–286.CrossRefGoogle Scholar
Rooijen-Horsten, M., van den Bergen, D., and Tanriseven, M.. 2007. “Intangible Capital in the Netherlands: A Benchmark,” Statistics Netherlands, Voorburg-Heerlen, bpa-no. 2007–20-MNR. See: www.cbs.nl/NR/rdonlyres/DE0167DE-BFB8-4EA1-A55C-FF0A5AFCBA32/0/200801x10pub.pdf.Google Scholar
Rooijen-Horsten, M., van den Bergen, D., de Haan, M., Klinkers, A., and Tanriseven, M.. 2008. “Intangible Capital in the Netherlands: Measurement and Contribution to Economic Growth,” Statistics Netherlands, The Hague-Heerlen, discussion paper no. 08016. See: www.cbs.nl/NR/rdonlyres/7E943807-C553-444D-8690-D21FC35C82D5/0/200816x10pub.pdf.Google Scholar
Ruta, G. and Hamilton, K.. 2007. “The Capital Approach to Sustainability.” In Atkinson, G. et al. (eds.), Handbook of Sustainable Development. Cheltenham, UK: Edward Elgar Publishing, Inc.Google Scholar
Schreyer, P. 2010. “Towards Measuring the Volume Output of Education and Health Services,” OECD Statistics Directorate Working Paper, No. 31, OECD, Paris.Google Scholar
Schultz, T. W. 1961. “Investment in Human Capital,” American Economic Review, 51(1): 1–17.Google Scholar
Smith, A. 1776. An Inquiry into the Nature and Causes of the Wealth of Nations, Book 2. London: W. Strahan and T. Cadell.Google Scholar
Stroombergen, A., Rose, D., and Nana, G.. 2002. “Review of the Statistical Measurement of Human Capital,” Statistics New Zealand.Google Scholar
Temple, J. 1999. “A Positive Effect of Human Capital on Growth,” Economics Letters, 65(1): 131–134.CrossRefGoogle Scholar
UNU-IHDP and UNEP 2014. Inclusive Wealth Report 2014, Measuring Progress Toward Sustainability. Cambridge University Press.Google Scholar
Wei, H. 2004. “Measuring the Stock of Human Capital for Australia,” Working Paper No. 2004/1, Australian Bureau of Statistics.Google Scholar
Wei, H. 2008. “Measuring Human Capital Flows for Australia,” Working Paper No. 1351.0.55.023, Australian Bureau of StatisticsGoogle Scholar
Weisbrod, B. A. 1961. “The Valuation of Human Capital,” Journal of Political Economy, 69(5): 425–436.CrossRefGoogle Scholar
World Bank. 2011. The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium. Washington, DC: The World Bank.Google Scholar
Wößmann, L. 2003. “Specifying Human Capital,” Journal of Economic Surveys, 17(3): 239–270.CrossRefGoogle Scholar
- 3
- Cited by