International Trade and the Accumulation of Human Capital

Ann Owen

Southern Economic Journal, 1999, vol. 66, issue 1, 61-81

Abstract: Changes in the terms of trade affect both the incentives and the ability of individuals to purchase education in a credit‐constrained economy. A model is developed that shows how individual decision‐making is affected in a small economy when it opens up to trade. Empirical results indicate that credit constraints are an important factor influencing school enrollment rates, particularly in low income countries. As a result, countries with low human capital stocks tend to increase their accumulation of human capital with increased trade. The response in high income countries is more muted.

Date: 1999
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https://doi.org/10.1002/j.2325-8012.1999.tb00224.x

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Working Paper: International trade and the accumulation of human capital (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:66:y:1999:i:1:p:61-81

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