DOES LABOUR FORCE EDUCATION ACCELERATE THE SPEED OF CONVERGENCE? EMPIRICAL EVIDENCE FROM SELECTED EU COUNTRIES

• Authors: Workie-Tiruneh Menbere
• Languages of publication: EN

Abstracts

EN

This paper empirically looks at the contribution of labour force education to the speed at which relatively poor economies are converging to the income per capita level of richer economies. While there is a bulk of empirical studies in addressing the links between human capital and economic growth, this paper makes an endeavour to use a less frequently used proxy for human capital, i.e. the education of the labour force at various levels and investigates whether we can explain cross-country variation in economic growth with variation in labour force education. Using the data of EU-26 countries in the period (1995 – 2009) and based on a three-period data and five-year interval non-overlapping panel, the paper finds that the labour force education helps countries to grow at a faster rate.

Keywords

EN

LABOUR EDUCATION; CONVERGENCE; ECONOMIC GROWTH; INCOME

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2013
• Volume: 61
• Issue: 4
• Pages: 344 – 357

Contributors

author

Workie-Tiruneh Menbere

• Ekonomická univerzita Bratislava, Národnohospodárska fakulta, Katedra bankovníctva a medzinárodných financií, Dolnozemská cesta 1, 852 35 Bratislava, Slovak Republic