This study investigated the effect of human capital composition on technological convergence within the selected developing countries and developed countries by generalized method of moments (GMM) approach during the period of 1995 to 2010. The results suggest higher education has a positive and statistically significant effect in developed countries and negative and statistically significant effect in developing countries on the convergence and technology growth. Yet, elementary and secondary education in developed countries does not affect the growth of technology and is not led to growth of total factor productivity. Also the results show that the degree of economic openness and foreign direct investment have positive and statistically significant effect on technological development in both group of countries, while the inflation rate on technology growth in developing countries has significant positive effect on technological development in developing countries and negative and statistically insignificant effect in developed countries.
Shahabadi, A., & Bahrami Shakib, N. (2013). The Effect of Human Capital Composition on the Technology Growth and Convergence in Selected Developed and Developing Countries. Quarterly Journal of Applied Theories of Economics, 1(1), 29-50.
MLA
Abolfazl Shahabadi; Neda Bahrami Shakib. "The Effect of Human Capital Composition on the Technology Growth and Convergence in Selected Developed and Developing Countries". Quarterly Journal of Applied Theories of Economics, 1, 1, 2013, 29-50.
HARVARD
Shahabadi, A., Bahrami Shakib, N. (2013). 'The Effect of Human Capital Composition on the Technology Growth and Convergence in Selected Developed and Developing Countries', Quarterly Journal of Applied Theories of Economics, 1(1), pp. 29-50.
VANCOUVER
Shahabadi, A., Bahrami Shakib, N. The Effect of Human Capital Composition on the Technology Growth and Convergence in Selected Developed and Developing Countries. Quarterly Journal of Applied Theories of Economics, 2013; 1(1): 29-50.
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