Foldvari, Peter; van Leeuwen, Bas; Didenko, Dimitry - Centre for Global Economic History (CGEH), Universiteit … - 2013
According to the consensus view it was physical capital accumulation that primarily drove economic growth during the early socialist period. Growth models incorporating both human and physical capital accumulation (Caballe and Santos 1993, Barro and Sala-i-Martin 2004) lead to the conclusion...