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来源类型Article
规范类型其他
DOI10.1016/j.ecosys.2013.02.004
Income convergence prospects in Europe: Assessing the role of human capital dynamics.
Crespo Cuaresma J; Hadettova M; Labaj M
发表日期2013
出处Economic Systems 37 (4): 493-507
出版年2013
语种英语
摘要We employ income projection models based on human capital dynamics in order to assess quantitatively the role that educational improvements are expected to play as a driver of future income convergence in Europe. We concentrate on income convergence dynamics between emerging economies in Central and Eastern Europe and Western European countries during the next 50 years. Our results indicate that improvements in human capital contribute significantly to the income convergence potential of European emerging economies. Using realistic scenarios, we quantify the effect that future human capital investment paths are expected to have in terms of speeding up the income convergence process in the region. The income projection exercise shows that the returns to education in terms of income convergence in Europe could be sizeable, although it may take relatively long for the poorer economies of the region to rip the growth benefits.
主题World Population (POP)
关键词Economic growth Income convergence Human capital Income projections Europe Emerging economies
URLhttp://pure.iiasa.ac.at/id/eprint/10353/
来源智库International Institute for Applied Systems Analysis (Austria)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/129692
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Crespo Cuaresma J,Hadettova M,Labaj M. Income convergence prospects in Europe: Assessing the role of human capital dynamics.. 2013.
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