Measuring Human Capital

Measuring Human Capital addresses these issues, making it an excellent resource for students and researchers worldwide working on all economic disciplines, and especially international economics, labor economics, and the economics of innovation. Accurately measuring economic data is the first step toward successfully analysing them. For many years economists used the Gross National Product (GDP), now acknowledged to be inadequate, to measure a country’s overall value. The recognition that many variables contribute to a country’s value make accurate measurement difficult, as does recognizing the limits, methodological and otherwise, of measurement strategies. Being able to measure the same variables in all countries and economies is another challenge to economists, for without accurate data it is not possible to coordinate efforts within and across economies. Demonstrates how an approach based on sources of economic growth (KLEMS – capital, labor, energy, materials, and services) can be used to analyze economic growth and productivityCovers examples from the G7, E7, EU, Latin America, Norway, China, Taiwan, Japan, Korea, India and other South Asian countriesExamines the effects of digital, information, communication and integrated technologies on national and regional economies