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This paper tests the importance of human capital in explaining convergence across states of the United States after 1880. Human capital levels are found to matter not only to a state's income level but also to its growth rate through technological diffusion. The South's low human capital levels...
Persistent link: https://www.econbiz.de/10005439801
There appeared to be a dramatic shift of thinking from an alarmist and pessimistic assessment of the consequences of population growth prevalent before 1985, to a more balanced and eclectic assessment thereafter. It is argued that this shift, sometimes denoted as "revisionist thinking," is due...
Persistent link: https://www.econbiz.de/10005198732
Assessing the consequences of population on the pace and process of economic growth is one of the oldest themes in the literature on economics. These assessments have varied enormously over time, spanning the highly pessimistic to the outright optimistic. A systematic review of the major studies...
Persistent link: https://www.econbiz.de/10005787306