Reis, Ana Balcao; Sequeira, Tiago Neves - Faculdade de Economia, Universidade Nova de Lisboa - 2004
model accounts for a recently established fact about human capital composition, which stated that \the richest countries are … capital composition and the transition across stages of development are endogenously determined. We relate an increasing R … reasonable assump- tion, our model also accounts for other previously established stylized facts. Both the evolution of human …