search query: @author Temple, J. / total: 6
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| Author: | Temple, J. Voth, H-J. |
| Title: | Human capital, equipment investment, and industrialization |
| Journal: | European Economic Review
1998 : JUL, VOL. 42:7, p. 1343-1362 |
| Index terms: | HUMAN CAPITAL EQUIPMENT INVESTMENTS ESTIMATION INDUSTRIAL DEVELOPMENT |
| Language: | eng |
| Abstract: | The paper constructs simple models in which industrialzation (further on 'ind'.)is driven by human capital accumulation. 'Ind'. can explain the robust correlation btw. equipment investment and growth in developing countries. It is shown that government intervention is justified. It is examined in the paper the correlation btw. equipment investment and growth and found that it is strongest in economies on the brink of 'ind'. It is also shown that this result is not easily explained by diminishing returns. |
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