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The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10012765316
Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical … growth, our results suggest that mean years of schooling is not a statistically relevant variable in growth regressions …
Persistent link: https://www.econbiz.de/10013089004
achievement can account for a majority of international differences in economic growth and that institutional features of school …
Persistent link: https://www.econbiz.de/10013143680
Persistent link: https://www.econbiz.de/10013143681
Most OECD countries experience high unemployment rates and declining growth in higher educational attainment. An often …
Persistent link: https://www.econbiz.de/10013022654
both countries, we find that the returns to human capital increase with proximity to the technological frontier in … proximity to the technological frontier is observed in knowledge-intensive services, which is most pronounced for the …
Persistent link: https://www.econbiz.de/10013035179
Evaluations of adults in formal education (AE) are typically based on earnings measured 5-10 years after program enrollment. This paper estimates returns up to 24 years after enrollment, and explore results for 15 cohorts of first-time registered in AE in Sweden 1994-2008 with at least a 10-year...
Persistent link: https://www.econbiz.de/10014081871
Skill-biased technical change is usually interpreted in terms of the efficiency parameters ofskilled and unskilled labor. This implies that the relative productivity of skilled workerschanges proportionally in all tasks. In contrast, we argue that technical changes also affectthe curvature of...
Persistent link: https://www.econbiz.de/10005863221
economic growth and development. In this chapter we surveyimportant contributions in the field by focussing on the basic … growth policy...<br< …
Persistent link: https://www.econbiz.de/10005863368
economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic … structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for … growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of …
Persistent link: https://www.econbiz.de/10012777881