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Growth, Distance to Frontier and Composition of Human Capital

Journal of economic growth (Boston, Mass.), 2006-06, Vol.11 (2), p.97-127 [Peer Reviewed Journal]

Springer Science+Business Media, LLC 2006 ;ISSN: 1381-4338 ;EISSN: 1573-7020 ;DOI: 10.1007/s10887-006-9002-y

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Title:
Growth, Distance to Frontier and Composition of Human Capital
Author: Vandenbussche, Jérôme ; Aghion, Philippe ; Meghir, Costas
Subjects: Datasets ; Economic development ; Economic growth ; Economic growth models ; Economic growth rate ; Economic theory ; Economics ; Education ; Emerging technology ; Growth models ; Higher education ; Human capital ; Innovation ; Labor force ; OECD ; Productivity ; Skilled labor ; Skilled workers ; Studies ; Technological change ; Technological innovation ; Technology adoption ; Training ; Unskilled labor
Is Part Of: Journal of economic growth (Boston, Mass.), 2006-06, Vol.11 (2), p.97-127
Description: We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growthenhancing effect closer to the technological frontier under the reasonable assumption that innovation is a relatively more skill-intensive activity than imitation. Also, we provide evidence in favor of this prediction using a panel dataset covering 19 OECD countries between 1960 and 2000 and explain why previous empirical research had found no positive relationship between initial schooling level and subsequent growth in rich countries.
Publisher: Boston: Springer
Language: English
Identifier: ISSN: 1381-4338
EISSN: 1573-7020
DOI: 10.1007/s10887-006-9002-y
Source: Alma/SFX Local Collection
ProQuest Central

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Growth, Distance to Frontier and Composition of Human Capital

Springer Science+Business Media, LLC 2006 ;ISSN: 1381-4338 ;EISSN: 1573-7020 ;DOI: 10.1007/s10887-006-9002-y

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