IDEAS home Printed from https://ideas.repec.org/a/kea/keappr/ker-199206-8-1-04.html
   My bibliography  Save this article

Human Capital and Economic Development

Author

Listed:
  • Gyu Han Kim

    (The Bank of Korea)

Abstract

This paper examines the role of education in the course of economic development by incorporating human capital formation in the traditional trade model. Skilled labor and unskilled labor are considered as distinct factors of production and an education sector is introduced which produces skilled labor. The possibility of two equilibria is explored in a two sector-two factor trade model when there exists a factor intensity reversal and the education sector shows increasing returns to scale. This provides a possible explanation of the contrasting economic development of the countries like Korea and Japan and the Latin American countries.

Suggested Citation

  • Gyu Han Kim, 1992. "Human Capital and Economic Development," Korean Economic Review, Korean Economic Association, vol. 8, pages 49-66.
    • Handle: RePEc:kea:keappr:ker-199206-8-1-04
    as

    Download full text from publisher

    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-199206-8-1-04.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kea:keappr:ker-199206-8-1-04. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: KEA (email available below). General contact details of provider: https://edirc.repec.org/data/keaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.