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We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011295685
of industrialization. U.S. income and educational time series data are used to corroborate the innovation-education … innovation drive income expansion. Funke and Strulik [2000]. On endogenous growth with physical capital, human capital and … phases, characterized in a temporal order by physical capital accumulation, human capital formation, and innovation, and that …
Persistent link: https://www.econbiz.de/10013040130
period, first the post-World War baby boom and then the substantial increase in education led to higher economic growth than … otherwise expected. As the pace of increase in education slowed and the workforce aged toward the end of the period, human …
Persistent link: https://www.econbiz.de/10012213777
. Educational outcomes could be improved through raising the attractiveness of the teacher profession, improving teacher education …
Persistent link: https://www.econbiz.de/10011399516
nation’s potential output. Boosting employment prospects is also critical, as the country will soon be ageing at a fast pace …. Despite long working hours, labour utilisation is only average due to structurally low employment rates, particularly at both … ends of the age spectrum, with some marked regional differences. The female employment rate is especially low, in part due …
Persistent link: https://www.econbiz.de/10010375396
high levels of growth but very low levels of female schooling, and that deleting the female education variable would cast … doubt on the statistical significance of the male education variable. Deletion diagnostics and partial scatter plots are … sample and deleting female education from their growth equations is then examined. The results obtained point to the fragile …
Persistent link: https://www.econbiz.de/10014184328
We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …
Persistent link: https://www.econbiz.de/10011392484
For most of human history there existed a well-educated and innovative elite whereas mass education, market R&D, and … high growth are phenomena of the modern period. In order to explain these phenomena we propose an innovation-driven growth … model for the very long run in which the individual-specific return to education is conceptualized as an compound of …
Persistent link: https://www.econbiz.de/10010346232
In the growth literature, evidence on income convergence is mixed. In the development literature, health and education … indicators are also often used. This study examines whether health and education levels are converging across countries and … human capital convergence. The results confirm that investments in education and health are closely linked. We find …
Persistent link: https://www.econbiz.de/10013317934
A meta-analysis is used to study the average wage effects of on-the-job training. This study shows that the average reported wage effect of on-the-job training, corrected for publication bias, is 2.6 per cent per course. The analyses reveal a substantial heterogeneity between training courses,...
Persistent link: https://www.econbiz.de/10013118540