Public Investments, Human Capital, and Political Stability: The Triptych of Economic Success
Figure 5
Per capita GDP growth versus initial average years of schooling and initial primary pupils-teacher ratio. (Correlation matrix between per capita GDP growth (Growth) and initial human capital (Inhuman) and initial pupil-teacher ratio (Inpupil). Obs. = 86. Growth = 1.000 (Growth). Inhuman = 0.123 (Growth), Inpupil = −0.260 (Growth).)
