This paper highlights formally the interaction existing between the quality of institutional governance, the education sector and economic growth. More fundamentally, we show how the quality of institutional governance matters in giving directly the appropriate incentives for human capital...

In this paper , we consider an economic growth model with human capital accumulation , positive externalities and a cultural system of social norms . We show that endogenous rational emergence of this cultural belief may lead to increasing the stock of human capital and hence accelerating...