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Intelligence, Human Capital, and Economic Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach

Jones, Garett; Schneider, W. Joel - EconWPA - 2005

Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this abstract concept. We survey the psychological literature on cross-cultural IQ tests, and conclude that modern intelligence tests are well-suited for measuring an important form of a...

Persistent link: https://www.econbiz.de/10005407739

IQ in the Ramsey Model: A Naive Calibration

Jones, Garett - Society for Economic Dynamics - SED - 2006

I show that in a conventional Ramsey model, between one-fourth and one-half of the global income distribution can be explained by a single factor: The effect of large, persistent differences in national average IQ on the private marginal product of labor. Thus, differences in national average IQ...

Persistent link: https://www.econbiz.de/10005069328

IQ in the Ramsey Model: A Naive Calibration

Jones, Garett - EconWPA - 2005

I show that in a conventional Ramsey model, between one-fourth and one- half of income differences across countries can be explained by a single factor: The steady-state effect of large, persistent differences in national average IQ on worker productivity. These differences in cognitive...

Persistent link: https://www.econbiz.de/10005118848

Persistence of Innovation: Stylised Facts and Panel Data Evidence

Peters, Bettina - EconWPA - 2005

innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at …

Persistent link: https://www.econbiz.de/10005118744

Employment Effects of Different Innovation Activities: Microeconometric Evidence

Peters, Bettina - EconWPA - 2005

process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany … CIS data. It establishes a theoretical link between employment growth and innovation output. The econometric analysis …

Persistent link: https://www.econbiz.de/10005118792