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misspecifications resulting from the omission of spatial linkages in standard empirical models of economic growth. Our dataset consists … of TFP estimates for 73 countries over the period 1960-2000, and we find that TFP growth rates and levels are positively … the Nelson and Phelps (1966) model shows that the impact of being located close to a country with high TFP growth rates is …
Persistent link: https://www.econbiz.de/10011256081
the socialist economy. Discussions focused on policies to stimulate economic growth indicate that the proper education of … capital. The high degree of development of education and science is considered one of the few highly valued achievements of … human capital and economic growth in Bulgaria for the years of socialism and the transition. The purpose of the thesis is to …
Persistent link: https://www.econbiz.de/10011259237
This paper extends the growing literature on knowledge economy by investigating the effect of intelligence on economic diversification. Using a battery of estimation techniques that are robust to endogeneity, we find that human capital has positive correlations with export diversification,...
Persistent link: https://www.econbiz.de/10011266297
growth implication of dispersion of population distribution in terms of educational attainment levels. Based on a pooled 5 … dispersion index as well as average index of human capital positively influences productivity growth. Given limited social … resources for human capital investment, the finding implies that education policy that creates more dispersion in the human …
Persistent link: https://www.econbiz.de/10005342367
Die Fähigkeit zur Einführung neuer Produkte und Verfahren ist in einer sich rasch wandelnden globalen Wissensgesellschaft zu einem entscheidenden Faktor für den wirtschaftlichen Erfolg geworden. Die Wachstumsperspektiven von Ländern und Regionen hängen in hohem Maße von ihrer Ausstattung...
Persistent link: https://www.econbiz.de/10005018851
promote economic growth and competitiveness through creating and exploiting new knowledge. …
Persistent link: https://www.econbiz.de/10005151197
Common to the bulk of the “new” economic growth and development literature is the idea that the process by which less …-developed countries break out of a poverty trap and achieve steady, self-sustaining growth in real per-capita income is predicated on … explains its continuous formation over time? Third, how is such formation transformed into growth in real output and personal …
Persistent link: https://www.econbiz.de/10010551958
of the region in the light of the theories of economic growth and human capital and their empirical tests. It concludes … growth potential derived from the region's favourable endowment with human capital and implementing growth-enhancing economic …
Persistent link: https://www.econbiz.de/10009276484
aggregate and per capita GDP as a case study of recent models of endogenous growth, where "human capital" is the engine of … growth. By human capital we mean an intangible asset, best thought of as a stock of embodied and disembodied knowledge … comprising education, information, entrepreneurship, and productive and innovative skills, which is formed through investments in …
Persistent link: https://www.econbiz.de/10012915172
Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to …
Persistent link: https://www.econbiz.de/10012915173