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Human Capital Convergence: A Joint Estimation Approach

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  • Randa Sab

    (International Monetary Fund)

  • Stephen C. Smith

    (International Monetary Fund)

Abstract

In the growth literature, evidence on convergence of per capita incomes is mixed. In the development literature, health and education indicators are often used to measure countries' development progress. This study examines whether average stocks of health and education are converging across countries and calculates the speed of their convergence using data from 84 countries for 1970-90. A three-stage least-squares (3SLS) procedure is used in a joint analysis of human capital convergence. The results confirm that investments in education and health are closely linked. The study finds unconditional convergence for life expectancy and infant survival, and for the stock of education as measured by average levels of total and secondary schooling in the adult population. Copyright 2002, International Monetary Fund

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal IMF Staff Papers.

Volume (Year): 49 (2002)
Issue (Month): 2 ()
Pages: 3

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Handle: RePEc:pal:imfstp:v:49:y:2002:i:2:p:3

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Cited by:
  1. Rodrigo R. Soares, 2007. "On the Determinants of Mortality Reductions in the Developing World," Population and Development Review, The Population Council, Inc., vol. 33(2), pages 247-287.
  2. Alexander S. Skorobogatov, 2012. "The value of human capital and health behavior," Economics Bulletin, AccessEcon, vol. 32(2), pages 1785-1796.
  3. Petrakis, P.E. & Stamatakis, D., 2005. "Human capital, growth and convergence traps: Implications from a cross-country analysis," Proceedings of the German Development Economics Conference, Kiel 2005 26, Verein für Socialpolitik, Research Committee Development Economics.
  4. Deniz Igan & Marcelo Pinheiro, 2011. "Credit Growth and Bank Soundness: Fast and Furious?," IMF Working Papers 11/278, International Monetary Fund.
  5. David Canning, 2010. "Progress in Health around the World," Human Development Research Papers (2009 to present) HDRP-2010-43, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
  6. Ram, Rati, 2006. "State of the "life span revolution" between 1980 and 2000," Journal of Development Economics, Elsevier, vol. 80(2), pages 518-526, August.
  7. Ryan D. Edwards, 2010. "Trends in World Inequality in Life Span Since 1970," NBER Working Papers 16088, National Bureau of Economic Research, Inc.
  8. Gary S. Becker & Tomas J. Philipson & Rodrigo R. Soares, 2003. "The Quantity and Quality of Life and the Evolution of World Inequality," NBER Working Papers 9765, National Bureau of Economic Research, Inc.
  9. Ghosh, Saibal, 2010. "Credit Growth, Bank Soundness and Financial Fragility: Evidence from Indian Banking Sector," MPRA Paper 24715, University Library of Munich, Germany.
  10. Claudio Sapelli, 2011. "Sudden Stops in Social Mobility: Intergenerational Mobility in Chile," Documentos de Trabajo 400, Instituto de Economia. Pontificia Universidad Católica de Chile..
  11. Uzma Afzal, 2012. "Human Capital Convergence: Evidence from the Punjab," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(1), pages 45-61, Jan-June.

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