Human Capital Convergence
AbstractIn the growth literature, evidence on income convergence is mixed. In the development literature, health and education indicators are also often used. This study examines whether health and education levels are converging across countries and calculates their convergence speed, using data from 100 countries during 1970–96. A 3SLS procedure is used in a joint analysis of human capital convergence. The results confirm that investments in education and health are closely linked. We find unconditional convergence for life expectancy and infant survival, and enrollment rates, on average and by gender; and conditional convergence for all human capital indicators, including class size.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 01/32.
Date of creation: 01 Mar 2001
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-16 (All new papers)
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- 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.
- Kenny, Charles, 2005. "Why Are We Worried About Income? Nearly Everything that Matters is Converging," World Development, Elsevier, vol. 33(1), pages 1-19, January.
- Eric Neumayer, 2004. "HIV/AIDS and its impact on convergence in life expectancy, infant and child survival rates," HEW 0405001, EconWPA.
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