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

Erkan Erdil, Kahraman Kalyoncu
European Research Studies Journal, Volume XIII, Issue 1, 73-82, 2010
EOI: 10.11214/thalassinos.13.01.005

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.


Cite Article (APA Style)