Income-dependent impacts of financial development and human capital on economic growth. A non-stationary panel analysis
Mohsen Mohaghegh & A.S. VALIPOUR
Theoretical and Applied Economics2020article
ABDC C
Weight
0.48
What the paper says
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.
6 citations
Evidence weight
0.48
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
F · citation impact
0.33 × 0.4 = 0.13
M · momentum
0.80 × 0.15 = 0.12
V · venue signal
0.50 × 0.05 = 0.03
R · text relevance †
0.50 × 0.4 = 0.20
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