Human Capital Accumulation in the Middle-Income Country and World Trade

Fumio Dei

Review of International Economics, 1994, vol. 2, issue 1, 1-12

Abstract: I construct a dynamic three-country model of trade and growth in which a worker determines how long he takes training. The path of human capital accumulation of a worker is analyzed. I consider the case in which per capita human capital grows in the middle-income country while it stagnates in the high-income and low-income countries. Effects of the middle-income country's growth are studied. Copyright 1994 by Blackwell Publishing Ltd.

Date: 1994
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