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Institutions and long-term development policy
(Centro de Investigación y Docencia Económicas, División de Economía, 2005)
Market failures in human capital investment and innovation explain the main features of human development and economic growth. This is shown in a Schumpeterian multi-country model with technology transfer and trade. Thus, ...
A cross-country causal panorama of human development and sustainability
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
A broad summary of the theoretical literature on economic growth shows that this theory has transcended the neoclassical paradigm and that market rationality does not govern the human development process. Instead human ...