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- W3119359538 abstract "We investigate the interdependency of financial development and human capital on economic development in a cross-country setting. We show that the impacts exhibit interesting variations across different income levels. In fact, human capital is the most important element in fostering economic growth in high-income countries, but its importance falls with the country’s income level. Financial development, however, is relatively more important for mid-income countries but does not seem to have a significant impact on high-income nations. We find that lowincome countries do not benefit as much from either one of these factors." @default.
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- W3119359538 date "2020-01-01" @default.
- W3119359538 modified "2023-09-23" @default.
- W3119359538 title "Income-dependent impacts of financial development and human capital on economic growth. A non-stationary panel analysis" @default.
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