Using multi-country data over the last millennium, this project aims to examine the effects of human capital on growth by investigating 1) the role of education and science for human development; 2) the extent to which growth since 1800 has been driven by institutions, culture and human capital; and 3) which factors have been responsible for the Great Divergence between the East and the West.
BIO: Jakob Madsen is an Australian Research Council Professorial Fellow and he holds the Xiaokei Yang Chair in Business and Economics at Monash University. His research interests are in macroeconomics, endogenous and unified economic growth, inequality, stock and house price valuation, macrofinance, history of economic growth, and applied econometrics.
Jakob was born in Randers, Denmark and did his M.Ec. at the University of Aarhus, Denmark. After working some years in the financial sector as a financial analyst and deputy chief economist (Bank of Jutland) he went to Australia to do his PhD. Since completing his PhD he has held lecturing positions at the University of Southampton, University of Western Australia and Flinders University and professorial positions at Brunel University, London, and University of Copenhagen and Monash University.