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This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …
Persistent link: https://www.econbiz.de/10013036985
Persistent link: https://www.econbiz.de/10009526828
In this paper we argue that government spending played a significant role in stimulating the wave of innovation that …-size of innovative firms, functions as a de-facto innovation policy tool. We build a quality-ladders non-scale growth model …
Persistent link: https://www.econbiz.de/10013157866
"Human capital," "ideas" and "knowledge" have been used as interchangeable, almost synonymous terms, representing knowledge-related factors in the neoclassical literature on growth. This paper emphasizes the differences between different forms of knowledge and tests the response of a standard...
Persistent link: https://www.econbiz.de/10014215551
This paper investigates the effect of human capital accumulation on the direction of technical Change in a framework with natural resources and environmental externalities. The model simulates that an increasing knowledge stock of worker tends to direct technical change in favour of intangible...
Persistent link: https://www.econbiz.de/10012963007
This paper presents a multisector growth model where education enhances general human capital, which is essential for increasing or maintaining the mobility of workers across industries. The paper shows that education, combined with international trade, can affect growth positively in the long...
Persistent link: https://www.econbiz.de/10013317729
Over the coming century, computer technology is likely to become capable of reproducing a large portion of the tasks performed by human labor. This paper develops a model of the aggregate economic growth that results when work tasks are transferred from humans to physical capital. The model...
Persistent link: https://www.econbiz.de/10014062624
The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully characterize its convergence properties. The dynamics is described by a fourth-order system...
Persistent link: https://www.econbiz.de/10013292967
The paper presents a human capital based theory of the sectoral transformation along the balanced growth path …
Persistent link: https://www.econbiz.de/10012844067
This paper presents a model of development in which skilled labor is an input in technology adoption. The model combines Nelson and Phelps (1966) type technology dynamics with a growth model in which intermediate goods are used to produce a final good. The intermediate good producers hire...
Persistent link: https://www.econbiz.de/10012708582