In the growth literature, evidence on income convergence is mixed. In the development literature, health and education … indicators are also often used. This study examines whether health and education levels are converging across countries and … human capital convergence. The results confirm that investments in education and health are closely linked. We find …

. The model assumes that human capital, which is accumulated through education, is the only factor of production. It is …

occur making convergence unlikely. While in a closed economy, tax-financed increases in subsidy to education can have a … subsidizing higher education is more likely to induce substantial brain drain, it is likely to be inferior to subsidy to lower … levels of education if growth is to be increased …