IDEAS home Printed from https://ideas.repec.org/a/pal/imfstp/v49y2002i2p3.html
   My bibliography  Save this article

Human Capital Convergence: A Joint Estimation Approach

Author

Listed:
  • Randa Sab

    (International Monetary Fund)

  • Stephen C. Smith

    (International Monetary Fund)

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 1970-90. 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 by average levels of total and secondary schooling in the adult population. Copyright 2002, International Monetary Fund

Suggested Citation

  • Randa Sab & Stephen C. Smith, 2002. "Human Capital Convergence: A Joint Estimation Approach," IMF Staff Papers, Palgrave Macmillan, vol. 49(2), pages 1-3.
    • Handle: RePEc:pal:imfstp:v:49:y:2002:i:2:p:3
    as

    Download full text from publisher

    File URL: http://www.imf.org/External/Pubs/FT/staffp/2002/02/pdf/sab.pdf
    File Function: main text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rodrigo R. Soares, 2007. "On the Determinants of Mortality Reductions in the Developing World," Population and Development Review, The Population Council, Inc., vol. 33(2), pages 247-287, June.
    2. Algozhina, Aliya, 2022. "Monetary policy rule, exchange rate regime, and fiscal policy cyclicality in a developing oil economy," Energy Economics, Elsevier, vol. 112(C).
    3. Duncan, Roberto & Toledo, Patricia, 2018. "Long-run overweight levels and convergence in body mass index," Economics & Human Biology, Elsevier, vol. 31(C), pages 26-39.
    4. Ghosh, Saibal, 2010. "Credit Growth, Bank Soundness and Financial Fragility: Evidence from Indian Banking Sector," MPRA Paper 24715, University Library of Munich, Germany.
    5. Ram, Rati, 2006. "State of the "life span revolution" between 1980 and 2000," Journal of Development Economics, Elsevier, vol. 80(2), pages 518-526, August.
    6. Gary S. Becker & Tomas J. Philipson & Rodrigo R. Soares, 2005. "The Quantity and Quality of Life and the Evolution of World Inequality," American Economic Review, American Economic Association, vol. 95(1), pages 277-291, March.
    7. Christopher GRIGORIOU, 2008. "Survival Convergence: Specification Matters," Working Papers 200815, CERDI.
    8. Ms. Deniz O Igan & Marcelo Pinheiro, 2011. "Credit Growth and Bank Soundness: Fast and Furious?," IMF Working Papers 2011/278, International Monetary Fund.
    9. Uzma Afzal, 2012. "Human Capital Convergence: Evidence from the Punjab," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(1), pages 45-61, Jan-June.
    10. Christopher Grigoriou, 2011. "Survival Convergence: Specification Matters," CERDI Working papers halshs-00556799, HAL.
    11. Saibal Ghosh, 2010. "Credit Growth, Bank Soundness and Financial Fragility," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 11(1), pages 69-98, March.
    12. Romero Cavalcanti Barreto da Rocha & Rodrigo Reis Soares, 2008. "Impacto de Programas de Saúde a Nível Familiar e Comunitário: Evidências do Programa Saúde da Família," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211610510, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    13. David Canning, 2012. "Progress in Health around the World," Journal of Development Studies, Taylor & Francis Journals, vol. 48(12), pages 1784-1798, December.
    14. Petrakis, P.E. & Stamatakis, D., 2005. "Human capital, growth and convergence traps: Implications from a cross-country analysis," Proceedings of the German Development Economics Conference, Kiel 2005 26, Verein für Socialpolitik, Research Committee Development Economics.
    15. Faiza A. Khan, 2014. "Economic Convergence in the African Continent: Closing the Gap," South African Journal of Economics, Economic Society of South Africa, vol. 82(3), pages 354-370, September.
    16. Saadet Kasman & Adnan Kasman, 2021. "Convergence in obesity and overweight rates across OECD countries: evidence from the stochastic and club convergence tests," Empirical Economics, Springer, vol. 61(2), pages 1063-1096, August.
    17. International Monetary Fund, 2006. "Czech Republic, Republic of Estonia, Hungary, Republic of Latvia, Republic of Lithuania, Republic of Poland, Slovak Republic, and Republic of Slovenia; Export Structure and Credit Growth," IMF Staff Country Reports 06/414, International Monetary Fund.
    18. Alexander S. Skorobogatov, 2012. "The value of human capital and health behavior," Economics Bulletin, AccessEcon, vol. 32(2), pages 1785-1796.
    19. Bienvenido Ortega & Antonio Casquero & Jesús Sanjuán, 2016. "Corruption and Convergence in Human Development: Evidence from 69 Countries During 1990–2012," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 127(2), pages 691-719, June.
    20. Ryan D. Edwards, 2010. "Trends in World Inequality in Life Span Since 1970," NBER Working Papers 16088, National Bureau of Economic Research, Inc.
    21. Claudio Sapelli, 2011. "Sudden Stops in Social Mobility: Intergenerational Mobility in Chile," Documentos de Trabajo 400, Instituto de Economia. Pontificia Universidad Católica de Chile..

    More about this item

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I19 - Health, Education, and Welfare - - Health - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:imfstp:v:49:y:2002:i:2:p:3. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.