Economic growth and human capital accumulation: Simultaneity and expanded convergence tests

Stephan J. Goetz, Dayuan Hu

Research output: Contribution to journalArticlepeer-review

33 Scopus citations

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 languageEnglish (US)
Pages (from-to)355-362
Number of pages8
JournalEconomics Letters
Volume51
Issue number3
DOIs
StatePublished - Jun 1996

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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