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There is an “erosion effect” of R&D on human capital accumulation. This paper develops an economic growth model with endogenous technological progress and human capital accumulation, and emphasizes there are two characterizations in R&D process, which are that R&D process requires human...
Persistent link: https://www.econbiz.de/10012992856
In this study, an economic growth model that includes both developed and less-developed regions was constructed and the relationships between the interregional migration of human capital, regional economic disparities and aggregate economic growth were investigated. In the two regions, human...
Persistent link: https://www.econbiz.de/10012992858
In this study, an economic growth model including both commodity and service sectors is constructed and the effect of cross-sectoral human capital migration on sectoral economic disparities was analyzed. The model illustrates that: (i) human capital accumulation promotes steady growth in both...
Persistent link: https://www.econbiz.de/10014076568