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Human Capital Accumulation In the Middle‐Income Country and World Trade *
Author(s) -
Dei Fumio
Publication year - 1994
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/j.1467-9396.1994.tb00023.x
Subject(s) - economics , human capital , per capita income , labour economics , per capita , physical capital , middle income trap , capital (architecture) , demographic economics , development economics , economic growth , population , geography , demography , archaeology , sociology , china
I construct a dynamic three‐country model of trade and growth in which a worker determines how long he takes training. the path of human capital accumulation of a worker is analyzed. I consider the case in which per capita human capital grows in the middle‐income country while it stagnates in the high‐income and low‐income countries. Effects of the middle‐income country's growth are studied.