Resource title

Human capital, growth and convergence traps: Implications from a cross-country analysis

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Resource description

This article, adapted from Tamura?s theoretical proposition, empirically investigates capital convergence in three country groups belonging to significantly different development categories: G7, developed and developing. Human capital evaluation, in this context, goes beyond enrolment and/or attainment rates. In addition to enrolments and government spending, alternative factors determining human capital effectiveness synthesize an idea of enhanced human capital proxy. Empirical results indicate moderate evidence of convergence among the three-country groups when conventional variables are included. The convergence ?picture? is quite different when additional variables are empirically examined, implying the existence of a ?convergence trap? caused by initial endowments on human capital.

Resource author

P.E. Petrakis, D. Stamatakis

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19819

Resource license

Adapt according to the presented license agreement and reference the original author.