The Empirics of the Imbalance Effect: Per-Capita Income and Human to Physical Capital Ratio
Posted: 5 Apr 2017
Date Written: January 20, 2016
Abstract
One of the important problems 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. Following Duczynski (2003), we apply his approaches for the panel data set. However, we have described the human capital not only with education data but also with the health proxy. This paper provides evidence that this dependence tends to be positive.
Keywords: Asymmetric Imbalance Effect; Economic Growth; Human Capital; Physical Capital
Suggested Citation: Suggested Citation
Kalyoncu, Kahraman and Kalyoncu, Huseyin, The Empirics of the Imbalance Effect: Per-Capita Income and Human to Physical Capital Ratio (January 20, 2016). Available at SSRN: https://ssrn.com/abstract=2719129
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