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Convergence and Divergence in Neoclassical Growth Models with Human Capital

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  • Adriana Di Liberto

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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  • Adriana Di Liberto, 2007. "Convergence and Divergence in Neoclassical Growth Models with Human Capital," Economia politica, Società editrice il Mulino, issue 2, pages 289-322.
    • Handle: RePEc:mul:jb33yl:doi:10.1428/24823:y:2007:i:2:p:289-322
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    3. Laura Frassine & Nicola Pontarollo & Carolina Serpieri, 2024. "Strengths and weaknesses of EU regional reactivity to shocks," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(4), pages 1593-1624, December.
    4. Nazarczuk Jarosław M., 2015. "Regional distance: the concept and empirical evidence from Poland," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 28(28), pages 129-141, June.
    5. Mauro, Luciano & Pigliaru, Francesco & Carmeci, Gaetano, 2023. "Decentralization, social capital, and regional growth: The case of the Italian North-South divide," European Journal of Political Economy, Elsevier, vol. 78(C).
    6. 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.
    7. OA 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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    More about this item

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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