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research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. …
Persistent link: https://www.econbiz.de/10010556213
In this paper, we study human capital effects on economic growth of Portugal from 1960 to 2001. By using VAR and … cointegration analyses, we obtain 0.42 long-run estimate for human capital elasticity, 0.30 long-run estimate for internal knowledge … between human capital and innovation capability. These estimates seem to confirm that human capital and indigenous innovation …
Persistent link: https://www.econbiz.de/10005059562
It is widely argued that declining fertility slows the pace of economic growth in industrialized countries through its negative effect on labor supply. There are, however, theoretical arguments suggesting that the effect of falling fertility on effective labor supply can be offset by associated...
Persistent link: https://www.econbiz.de/10011279243
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...
Persistent link: https://www.econbiz.de/10011279336
an increasingly knowledge based economy and an important lever of social cohesion policy. However, existing studies …
Persistent link: https://www.econbiz.de/10005059495
Despite the importance of human capital stock to the economic growth of countries, its analysis has been restricted to more developed countries or to cross-country samples from a set of countries. Due to a lack of estimates for this variable in less developed countries, it has not been possible...
Persistent link: https://www.econbiz.de/10011071607
Although the analysis of the relationship between international trade and economic growth has an important tradition in the economic literature, the specific focus on a related matter, the link between export variety and economic growth, remains a relatively unexplored field of research....
Persistent link: https://www.econbiz.de/10010636774
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10010670827
This paper investigates the interplay between social capital, innovation and per capita income growth in the European … Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels …. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance …
Persistent link: https://www.econbiz.de/10005703394
The importance of promoting innovation has been elevated up to a status of official standard since the Lisbon European … innovation could be built. R&D has been a growing area of investigation namely at level of firms micro studies aimed at … uncovering firms’ innovation capability. At the macro level, the relevance of R&D for countries’ innovation capability has been …
Persistent link: https://www.econbiz.de/10005059542