A Nonscale Growth Model with R&D and Human Capital Accumulation.

This paper aims to contribute to the new growth theory with a model in which the engine of growth is human capital growth. Building on Romer's [1990] model, two new functions are introduced: (1) a specification for the production of new designs that assumes no externalities and no inventions before time zero; and (2) A specification for the accumulation of human capital technically similar to that in Lucas [1988].

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Year of publication:	2000
Authors:	Ribeiro, M.J.
Institutions:	Department of Economics, University of Warwick
Subject:	RESEARCH AND DEVELOPMENT \| HUMAN CAPITAL \| GROWTH RATE

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Series:	The Warwick Economics Research Paper Series (TWERPS).
Type of publication:	Book / Working Paper
Language:	English
Notes:	17 pages
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity ; D5 - General Equilibrium and Disequilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005146851