Afonso, Oscar; Aguiar, Alvaro - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2003
In this model of North and South economies, growth is driven by Schumpeterian R&D and by accumulation of two types of human capital, versatile and specialized. The former is school intensive while the latter is on-the-job-training intensive. Growth is endogenous and independent of scale effects....