Human Capital Formation and Saving-Investment Dynamics

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dc.contributor.authorNam, Kwanghee-
dc.identifier.citationSeoul Journal of Economics 11 (No. 1 1998): 15-42en
dc.description.abstractThis paper explores the dynamics of saving, investment and the trade balance in a two-country version of human capital growth model. As observed in the post-war G7 data, the model economy generates a high saving-investment correlation, together with a countercyclical trade balance. The persistent movement of investment, sustained by the accumulation of human capital, turns out to play a key role in producing the realistic cyclical properties of the model economy.-
dc.publisherSeoul Journal of Economicsen
dc.subjecttwo-countru virsionen
dc.subjectpost war G7 dataen
dc.titleHuman Capital Formation and Saving-Investment Dynamicsen
dc.typeSNU Journalen
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.11(1) (Spring 1998)
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