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| Volume2, No. 2,
August
2003 |
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| On
the Empirics of the Imbalance Effect |
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| Peter
Duczynski |
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Department of Economics
and Management, University of Hradec Kralove, Czech Republic |
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| Abstract |
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An
important problem in the theory of economic growth is whether
the growth of output per capita depends positively or negatively
on the ratio of human to physical capital. This paper provides
evidence that this dependence tends to be positive. |
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Key words:
asymmetric imblance effect; economic growth; human capital; physical
capital |
| JEL
classification:
O4 |
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