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market productivity. The key constituents of human capital, identified in the literature, are jointly examined in a close …-to-reality-model. The main advantage of our model of productivity is that, in addition to accounting for the filigree composition of human … migrating and local human capital, their interaction and joint impact on local productivity, and (2) to cross-check for the …
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We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with N heterogeneous regions. For each region i where i=1,...,N, our analysis leads to five findings. First, we define the balanced growth path (BGP) allocations and the equilibrium...
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We provide what to the best of our knowledge is the first theoretical analysis of the total effects of human capital use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region, consumers have constant relative risk aversion preferences, there...
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