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By merging individual data on valuable patents granted in Prussia in the late nineteenth century with county level information on literacy and income tax revenues we show that increases in the stock of human capital not only improved workers ́productivity but also accelerated innovative...
Persistent link: https://www.econbiz.de/10009792180
This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …
Persistent link: https://www.econbiz.de/10011602763
In this paper, we test whether the growth experience of a sample of OECD countries over the past three decades is more … consistent with the human-capital augmented Solow model of exogenous growth, or with an endogenous growth model à la Uzawa … implied by these two models to discriminate between them. Using pooled crosscountry time-series data, we specify our growth …
Persistent link: https://www.econbiz.de/10005045653
This paper presents empirical estimates of human-capital augmented growth equations for a panel of 21 OECD countries … growth model assumptions with the needs of panel data regressions. Unlike several previous studies, our results point to a … positive and significant impact of human capital accumulation to output per capita growth. The estimated long-run effect on …
Persistent link: https://www.econbiz.de/10005045945
If government revenues from a flat-rate income tax are spent on public factors and public factors are used for human capital production and human capital is used for the production of technical progress, then a higher rate of taxation will lead to a higher rate of technical progress if steady...
Persistent link: https://www.econbiz.de/10011108048
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short … to heterogeneity in population growth, technical change or progressiveness of income taxes. Our estimated speed of …
Persistent link: https://www.econbiz.de/10010274608
The paper analyzes the comparative effects of alternative health financing mechanisms on economic growth within a two …-sector model with human capital. The transitional growth effects of a social insurance system are stronger than those of an out …, investments in health have stronger growth effects, which points to the relevance of health investments in particular for …
Persistent link: https://www.econbiz.de/10011950796
The paper provides a framework for analysis of optimal growth enhancing policy in the economy with market and … government failures. It develops an endogenous growth model with strategic complementarities between R&D investments of firms and … investments in training of households. The model generates two possible long-run equilibriums: no-growth poverty trap equilibrium …
Persistent link: https://www.econbiz.de/10009422057
growth and to use a proxy of human capital variable that incorporates quantitative and qualitative aspects of this factor … channels in which human capital affects the rate of income per worker growth: 1) improving the marginal productivity of labor …
Persistent link: https://www.econbiz.de/10004968775
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short … to heterogeneity in population growth, technical change or progressiveness of income taxes. Our estimated speed of …
Persistent link: https://www.econbiz.de/10008684808