On the Empirics of the Imbalance Effect
An important problem in the theory of economic growth is whether the growth of output per capita depends positively or negatively on the ratio of human to physical capital. This paper provides evidence that this dependence tends to be positive.
Volume (Year): 2 (2003)
Issue (Month): 2 (August)
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- Robert J. Barro, 1995.
"Inflation and Economic Growth,"
NBER Working Papers
5326, National Bureau of Economic Research, Inc.
- Duczynski, Petr, 2002. "Adjustment costs in a two-capital growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 837-850, May.
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