Income-dependent impacts of financial development and human capital on economic growth. A non-stationary panel analysis
We investigate the interdependency of financial development and human capital on economic development in a cross-country setting. We show that the impacts exhibit interesting variations across different income levels. In fact, human capital is the most important element in fostering economic growth...
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Format: | Article |
Language: | English |
Published: |
General Association of Economists from Romania
2020-12-01
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Series: | Theoretical and Applied Economics |
Subjects: | |
Online Access: |
http://store.ectap.ro/articole/1507.pdf
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