Human Capital Accumulation and Public Sector Growth /
The present paper takes a fresh theoretical and empirical look into the relationship between Wagner's law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human c...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
1995.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1995/095 |
| Online adgang: | Full text available on IMF |