Human Capital, Age Structure and Growth Fluctuation

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/13150 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/13150 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/13150 archive 351 disk0/00/00/84/26 2016-01-15 08:40:29 2021-08-27 17:20:10 2016-01-15 08:40:29 monograph show 2 Crespo Cuaresma J. 1838 Mishra T. 1848 Human Capital, Age Structure and Growth Fluctuation pub iis_pop prog_pop prog_pds This paper assesses empirically the relationship between GDP per capita growth fluctuations and the age structure and intensity of human capital across developed and developing countries. We estimate a spatial vector autoregressive model of income dynamics where the economic distance between countries is defined on their similarity in measures of human capital and its distribution across age groups. These distances are computed using a newly developed human capital data set. Spatial effects on growth volatility and complemetarity in national growth processes are explored with respect to the proposed distance metrics. Our results imply that significant growth interdependence based on human capital distances exists among countries, with highly non-linear effects. 2007-10 published IR-07-031 IR-07-031 58 1457 public interim_report IIASA, Laxenburg, Austria 30 FALSE info:eu-repo/semantics/book