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Convergence and Divergence in Neoclassical Growth Models with Human Capital

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  • Di Liberto Adriana

Abstract

This paper offers a selective survey of the more recent contributions on the theoretical and empirical analysis of human capital and growth. Our aim is to provide the necessary link between the theory on growth and human capital and the existing empirical applications. An overview of this literature shows that from the very beginning of the resurgence of interest in growth theory, models have focused on the role of human capital in explaining exogenous or endogenous growth mechanisms and convergence/divergence hypothesis. Conversely, the recent debate has increasingly focused on identifying the specific channels through which human capital may directly or indirectly influence growth. Despite the plethora of studies on this field, a consensus on the importance of human capital on growth processes has yet to be reached and the debate is still intense.

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Bibliographic Info

Article provided by Società editrice il Mulino in its journal Economia politica.

Volume (Year): (2007)
Issue (Month): 2 ()
Pages: 289-322

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Handle: RePEc:mul:jb33yl:doi:10.1428/24823:y:2007:i:2:p:289-322

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Cited by:
  1. Adriana Di Liberto, 2013. "High skills, high growth: Is tourism an exception?," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 22(5), pages 749-785, August.
  2. Elias Soukiazis & Micaela Antunes, 2010. "Is foreign trade important for regional growth? Empirical evidence from Portugal," GEMF Working Papers 2010-13, GEMF - Faculdade de Economia, Universidade de Coimbra.
  3. G. Marletto, 2006. "La politica dei trasporti come politica per l’innovazione: spunti da un approccio evolutivo," Working Paper CRENoS 200605, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  4. O. Carboni & G. Medda, 2007. "Government Size and the Composition of Public Spending in a Neoclassical Growth Model," Working Paper CRENoS 200701, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

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