Fig. 1
Transition paths for all-infrastructure and all-human capital (education) investment programmes.

Transition paths for all-infrastructure and all-human capital (education) investment programmes.

Notes: Variables expressed as percentage deviations from initial steady state, unless otherwise noted. All-infrastructure and all-human capital investment programmes correspond to columns (b) and (d) of TableĀ 2, respectively. All human capital investment programme (integrated labour market) corresponds to column (c) of TableĀ 2. Transition paths for variables where the deviation between segmented labour market and integrated labour market settings are small are omitted for convenience.

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