IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Human Capital Convergence in Greece: A Panel Data Analysis

  • George Liaskos

    ()

    (Department of Agricultural Economics and Rural Development, Agricultural University of Athens)

  • Christos T. Papadas

    ()

    (Department of Agricultural Economics and Rural Development, Agricultural University of Athens)

Registered author(s):

    The neoclassical growth model has been supported by a large amount of regional and cross-country studies providing evidence of â-convergence. Nevertheless, it faces theoretical and empirical challenges which are still the subject of research on the dynamics of growth. Consideration of human capital accumulation has strengthened the theoretical foundations of the model, especially its open economy version. It has also improved the explanatory power of the model and its usefulness in quantitative analysis. Human capital accumulation accounts for that part of observed per capita income and output disparities, not explained adequately by the initial approach. Newer versions of neoclassical growth modeling imply clearly that the process of growth and convergence depends heavily on human capital accumulation and convergence. This study investigates regional human capital convergence in Greece during the period 1971-2001, for the census years of which necessary data are available. Following the usual practice in the literature, human capital quality is expressed in terms of educational achievement. Panel data econometric analysis is conducted using census year data for the Greek prefectures (NUTS III areas). The existence of human capital â-convergence is examined. Changes in the distributions of educational achievement, using different criteria, are also examined in order to see if actual convergence occurs. Results show that both space and time effects are significant and so is the established conditional â-convergence. Nevertheless, actual convergence is not achieved over the examined period and the dispersion of the observed human capital distributions has been increasing.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://aoatools.aua.gr/RePEc/aua/wpaper/files/2009-10_liaskos_papadas.pdf
    Download Restriction: no

    Paper provided by Agricultural University of Athens, Department Of Agricultural Economics in its series Working Papers with number 2009-10.

    as
    in new window

    Length: 25 pages
    Date of creation: 2009
    Date of revision:
    Handle: RePEc:aua:wpaper:2009-10
    Contact details of provider: Web page: http://www.aoa.aua.gr
    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:aua:wpaper:2009-10. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kremmydas dimitrios)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.