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Physical and Human Capital Complementarity and Worker Effort Level by Nutritional Level within Labor-Augmenting Solow Type Model

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  • Erkan Erdil
  • Kahraman Kalyoncu

Abstract

Whether the convergence occurs is one of the important issues in economic growth. Besides occurrence of convergence, another important issue in the theory of economic growth is whether the growth of per-capita income depends on the ratio of physical to human capital (K/H) where human capital is defined by the education and the worker effort level calculated by per capita dietary energy supply (DES). This study provides evidence for imbalance effects of (K/H) on growth rate besides convergence issue in a sample of 36 countries. This dependence causes the change in size of convergence rate where with the conditions on (K/H) ratio, convergence rate increases.

Suggested Citation

  • Erkan Erdil & Kahraman Kalyoncu, 2010. "Physical and Human Capital Complementarity and Worker Effort Level by Nutritional Level within Labor-Augmenting Solow Type Model," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 73-82.
  • Handle: RePEc:ers:journl:v:xiii:y:2010:i:1:p:73-82
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    References listed on IDEAS

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    1. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    2. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    3. Rodney Ramcharan, 2004. "Higher or Basic Education? The Composition of Human Capital and Economic Development," IMF Staff Papers, Palgrave Macmillan, vol. 51(2), pages 1-5.
    4. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 1127-1170.
    5. Peter Duczynski, 2003. "On the Empirics of the Imbalance Effect," International Journal of Business and Economics, College of Business and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 2(2), pages 121-128, August.
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    More about this item

    Keywords

    economic growth; human capital; physical capita;

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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