The Correlation between Human Capital and Morality and its Effect on Economic Performance: Theory and Evidence

Balan, David J.; Knack, Stephen

doi:10.1596/1813-9450-5720

Cited by 4 publications

(3 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Another attempt at modeling the relationship between indicators of general or public morality and economic performance is Balan and Knack (), who examine the interaction between a person's ability and his or her morality. They operationalize morality from the WVS question that asks respondents whether they place a high value on ‘doing an important job which gives you a sense of accomplishment.’ Balan and Knack find that the stronger the correlation is between individual ability and their morality, the larger the effect is on a country's per capita income.…”

Section: Introductionmentioning

confidence: 99%

Generalized Morality, Institutions and Economic Growth, and the Intermediating Role of Generalized Trust

James

2015

Kyklos

View full text Add to dashboard Cite

Summary Generalized morality reflects ethical norms in society about the inappropriateness of behaviors that can cause harm to others. Generalized morality may be an important factor affecting the economic performance of countries. An indicator of generalized morality is constructed from data from the World Values Survey. One question examined is whether generalized morality is correlated with economic growth rates in per capita GDP across a sample of countries, controlling for institutions and other factors expected to affect economic performance. A second question examined is whether the path by which generalized morality affects growth is direct or indirect through generalized trust. The findings reveal that generalized morality is moderately correlated with economic growth, but its effect appears to be manifested through generalized trust when economic institutions are weak.

show abstract

Section: Introductionmentioning

confidence: 99%

Generalized Morality, Institutions and Economic Growth, and the Intermediating Role of Generalized Trust

James

2015

Kyklos

View full text Add to dashboard Cite

show abstract

“…The adjective “productive” is important because increased public-sector entrepreneurship could take the form of more efficient bribery, theft, rent seeking or use of the public provision of goods and services or income transfers as a means of incumbency protection. Increased ability (efficiency) when paired with decreased morality (willingness to gain by taking) is detrimental to wealth creation (Balan and Knack, 2012).…”

Section: Examples Of Productive and Unproductive Public-sector Entrepreneurshipmentioning

confidence: 99%

Institutional barriers to productive public-sector entrepreneurship

Strow

2018

JEPP

View full text Add to dashboard Cite

Purpose The purpose of this paper is to outline barriers to public-sector entrepreneurship and explore the impact of those barriers on population shifts within the USA. Design/methodology/approach This paper lays out five specific barriers to public-sector entrepreneurship: barriers to entry and exit for consumers and producers, increased centralization and concentration in government, the lack of residual claim amongst public-sector actors, the rise of public-sector union membership and increasingly uncompetitive elections. The paper then assesses the impact of each of these barriers on population and production changes within the USA from 2010 to 2017. Findings Those state governments with limited barriers for productive public-sector entrepreneurship are rewarded with faster growing populations. Specifically, states with higher incomes, less centralized spending, lower public-sector unionization rates and higher state credit ratings tend to experience the greatest levels of population growth. States with less centralized spending also experience the largest increases in gross state product per capita. Practical implications This paper offers practical applications for policy makers wishing to increase their tax bases, increase the standard of living for their constituents or increase the efficiency in production and distribution of government goods and services. In particular, this paper offers evidence that an improved credit rating carries the most economic significance for population gains. Originality/value To the best of the authors’ knowledge, this is the first paper to examine Tiebout effects from barriers to public-sector entrepreneurship in the USA. Researchers in fields including political science, economics, management and public policy have all contributed to our understanding of public entrepreneurship. And yet, there are still numerous barriers preventing productive public-sector entrepreneurship from occurring at an optimal level.

show abstract

“…As a "live" capital form, human capital, with its creativity and innovation, has greater value and development potential in the aspects of optimizing allocation of resources or speeding up the economic development and promoting the social progress. Human capital, as one of those main production factors which can facilitate the economic growth, has an immediate boost to economic growth and would generate technology spillover effect by material capital and foreign direct investment (FDI) [3], spiritual morality [4], and other factors; thus it indirectly promotes economic growth. A lot of researches show that human capital is playing a more and more significant role in the development of national culture or society or economy or employment or income and so on [5][6][7][8].…”

Section: Introductionmentioning

confidence: 99%

Study on the Technical Efficiency of Creative Human Capital in China by Three-Stage Data Envelopment Analysis Model

Bai

et al. 2014

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

Previous researches have proved the positive effect of creative human capital and its development on the development of economy. Yet, the technical efficiency of creative human capital and its effects are still under research. The authors are trying to estimate the technical efficiency value in Chinese context, which is adjusted by the environmental variables and statistical noises, by establishing a three-stage data envelopment analysis model, using data from 2003 to 2010. The research results indicate that, in this period, the entirety of creative human capital in China and the technical efficiency value in different regions and different provinces is still in the low level and could be promoted. Otherwise, technical non-efficiency is mostly derived from the scale nonefficiency and rarely affected by pure technical efficiency. The research also examines environmental variables’ marked effects on the technical efficiency, and it shows that different environmental variables differ in the aspect of their own effects. The expansion of the scale of education, development of healthy environment, growth of GDP, development of skill training, and population migration could reduce the input of creative human capital and promote the technical efficiency, while development of trade and institutional change, on the contrary, would block the input of creative human capital and the promotion the technical efficiency.

show abstract

The Correlation between Human Capital and Morality and its Effect on Economic Performance: Theory and Evidence

Cited by 4 publications

References 21 publications

Generalized Morality, Institutions and Economic Growth, and the Intermediating Role of Generalized Trust

Generalized Morality, Institutions and Economic Growth, and the Intermediating Role of Generalized Trust

Institutional barriers to productive public-sector entrepreneurship

Study on the Technical Efficiency of Creative Human Capital in China by Three-Stage Data Envelopment Analysis Model

Contact Info

Product

Resources

About