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On the Empirics of the Imbalance Effect

Author

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  • Peter Duczynski

    (Department of Economics and Management, University of Hradec Kralove, Czech Republic)

Abstract

An important problem 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. This paper provides evidence that this dependence tends to be positive.

Suggested Citation

  • Peter Duczynski, 2003. "On the Empirics of the Imbalance Effect," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 2(2), pages 121-128, August.
    • Handle: RePEc:ijb:journl:v:2:y:2003:i:2:p:121-128
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    File URL: https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.02-2/abstract/04.html
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    References listed on IDEAS

    as
    1. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    2. Duczynski, Petr, 2002. "Adjustment costs in a two-capital growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 26(5), pages 837-850, May.
    3. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 327-368.
    4. Barro, Robert J & Lee, Jong Wha, 1996. "International Measures of Schooling Years and Schooling Quality," American Economic Review, American Economic Association, vol. 86(2), pages 218-223, May.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Erkan Erdil & Kahraman Kalyoncu, 2010. "Physical and Human Capital Complementarity and Worker Effort Level by Nutritional Level within Labor-Augmenting Solow Type Model," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 73-82.
    2. Petr Duczynski, 2007. "A Note on the Imbalance Effect in the Uzawa-Lucas Model," Economics Bulletin, AccessEcon, vol. 4(38), pages 1-12.
    3. Péter Földvári & Bas van Leeuwen & Dmitry Didenko, 2015. "Capital formation and economic growth under central planning and transition: A theoretical and empirical analysis, ca. 1920–2008," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(1), pages 27-50, March.
    4. repec:ebl:ecbull:v:4:y:2007:i:38:p:1-12 is not listed on IDEAS

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    More about this item

    Keywords

    asymmetric imblance effect; economic growth; human capital; physical capital;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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