Growth theory is based on the assumption of exponential total factor productivity (TFP) growth. Across countries and time periods I find that TFP growth is actually linear. The additive growth model, ...

ABSTRACT: This study expands the theoretical framework proposed by Mankiw et al. (1992) to explore optimal resource allocation between physical capital and human capital accumulation. Using United ...

ABSTRACT: This paper explores the relationship between human capital spending and non-oil sector growth in one direction only: from spending to non-oil sector growth. Using the theoretical framework ...

In light of the frequent campus climate issues of recent years, many of us in higher education have been thinking about inherent biases in our institutions’ appointment, promotion and tenure systems.

My name is David R. Burton. I am Senior Fellow in Economic Policy at The Heritage Foundation. I would like to express my thanks to Chairman Chabot, Ranking Member Velázquez, and members of the ...