Abstract
Earlier economic growth studies are extended to account for simultaneity between economic growth and human capital accumulation. The speed of income convergence and contribution of human capital to economic growth are underestimated if contemporaneous human capital growth effects are ignored.
Original language | English (US) |
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Pages (from-to) | 355-362 |
Number of pages | 8 |
Journal | Economics Letters |
Volume | 51 |
Issue number | 3 |
DOIs | |
State | Published - Jun 1996 |
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics