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Authors
Advisor(s)
Abstract(s)
The world economic growth and the respective trends of convergence/
divergence are influenced by several factors which make these processes different
worldwide in the function of the specific conditions of each context. For example,
the Endogenous Growth Theory suggests that the processes of convergence are not
unconditional and there is not only one steady state, but there are several steady states
and the convergence trends are conditional and depend on the influence of certain
variables, specifically those related to human capital. Considering these perspectives,
this study aims to assess the processes of conditional convergence worldwide, taking
into account data associated with the gross domestic product (GDP) per capita and
variables related to human capital. This statistical information was assessed through
approaches associated with the sigma and beta convergence and panel data. The
insights obtained reveal that, in fact, the indicators related to human capital may play
a determinant role in the convergence tendencies in some circumstances and over
the period considered
Description
Keywords
Econometric models Neoclassical theory Endogenous growth theory
Pedagogical Context
Citation
Publisher
Springer