Human Capital Convergence: International Evidence

Randa Sab and Stephen Smith

No 2001/032, IMF Working Papers from International Monetary Fund

Abstract: In the growth literature, evidence on income convergence is mixed. In the development literature, health and education indicators are also often used. This study examines whether health and education levels are converging across countries and calculates their convergence speed, using data from 100 countries during 1970–96. A 3SLS procedure is used in a joint analysis of human capital convergence. The results confirm that investments in education and health are closely linked. We find unconditional convergence for life expectancy and infant survival, and enrollment rates, on average and by gender; and conditional convergence for all human capital indicators, including class size.

Keywords: WP; teacher-pupil ratio; primary education; survival rate; standard deviation; human capital; convergence; education; health; growth; enrollment rate; education capital; convergence rate; Women; Personal income; Asia and Pacific; Sub-Saharan Africa; Western Hemisphere; Middle East; North Africa (search for similar items in EconPapers)
Pages: 34
Date: 2001-03-01
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Citations: View citations in EconPapers (11)

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