This paper presents a novel stylized fact and analyzes its contribution to the skill bias of technical change in U.S. manufacturing. The share of skilled labor embedded in intermediate inputs correlates strongly with the skill share employed in final production. This finding points towards an...

How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital...

This paper provides a synthesis of the three papers on the non-Nordic developed economies, Ireland, Japan and Switzerland along the following themes: role of the state, openness, education and human capital, and macroeconomic stability. It then draws lessons for developing countries of today.

During the period 1950-2002 Africa has experienced a lower degree of economic development than Asia, due to several circumstances, and particularly to the low educational levels of population in many African countries. In this article we present the estimation of some econometric models of...

In this short paper Celso Furtado´s analysis on underdevelopment is examined. The way he articulated income distribution, social classes and productive system in his classical works on Brazilian industrialization seems to be to be very adequate to modern Brazilian economy.