Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/618 
Autor:innen: 
Erscheinungsjahr: 
1992
Quellenangabe: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1992
Schriftenreihe/Nr.: 
Kiel Working Paper No. 545
Verlag: 
Kiel Institute of World Economics (IfW), Kiel
Zusammenfassung: 
Despite large rate of return differentials implied by persistent income differentials, relatively little capital flows to poor countries. The rate of return differentials are substantially reduced, however, if different human capital endowments are taken into account, as is shown for a limited sample of countries. Additionally accounting for human capital externalities based on independent empirical evidence turns around the predicted rate of return differentials in favor of the rich countries. Hence, the world economy may converge to a rather unequal distribution of incomes as long as human capital accumulation is neglected as the key variable limiting economic development.
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

Datei(en):
Datei
Größe
646.52 kB





Publikationen in EconStor sind urheberrechtlich geschützt.