Dynamics of Human Capital Development in Economic Development Cycles
Journal: Economies
Year: 2021

Our paper focuses on the dynamics of development of human capital in economic development cycles (as described, for example, in the works of Becker or Barro). In the course of this research, we created an econometric model based on the modified Mankiw‒Romer‒Weil equation of the Cobb‒Douglas function which takes into account the factor of convergence/divergence and differentiation due to changes in the size of territories, population, volume of economies, and other parameters of the studied state