TY  - BOOK
AU  - Tanzi,Vito
AU  - Zee,Howell H.
TI  - Human Capital Accumulation and Public Sector Growth
T2  - IMF Working Papers; Working Paper
SN  - 1451950446 :
SN  - 1018-5941
PY  - 1995///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Expenditure
KW  - imf
KW  - Government Expenditure
KW  - Per Capita Income Levels
KW  - Per Capita Income
KW  - Wage Expenditure
KW  - Burundi
KW  - Canada
KW  - Ireland
KW  - Singapore
KW  - Sweden
N2  - The present paper takes a fresh theoretical and empirical look into the relationship between Wagner's law and economic development. It introduces human capital into a classic two-sector model of unbalanced growth. It shows that, as an economy develops, changes in the relative returns to human capital and unskilled labor, as a result of changes to their relative scarcities, could have a significant impact on the size of the government sector, depending in part also on the difference in relative factor intensities between outputs of the private and government sectors. This conjecture is broadly supported by empirical evidence based on a cross-section analysis of a large sample of developed and developing countries
UR  - http://elibrary.imf.org/view/IMF001/03177-9781451950441/03177-9781451950441/03177-9781451950441.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451950441
ER  -