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Human Capital Convergence: A Joint Estimation Approach Randa Sab and Stephen C. Smith Full Text of this Article (PDF 106K) Abstract: In the growth
literature, evidence on convergence of per capita incomes is mixed. In
the development literature, health and education indicators are often
used to measure countries' development progress. This study examines whether
average stocks of health and education are converging across countries
and calculates the speed of their convergence using data from 84 countries
for 197090. A three-stage least-squares (3SLS) procedure is used
in a joint analysis of human capital convergence. The results confirm
that investments in education and health are closely linked. The study
finds unconditional convergence for life expectancy and infant survival,
and for the stock of education as measured |
