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A Human Capital Theory of Growth : New Evidence for an Old Idea

Breton, Theodore R. - 2014

In 1960 Theodore Schultz expounded a human capital theory of economic growth that includes three elements: 1) Countries … without much human capital cannot manage physical capital effectively, 2) Economic growth can only proceed if physical capital … and human capital rise together, and 3) Human capital is the factor most likely to limit growth. I specify Schultz …

Persistent link: https://www.econbiz.de/10013052248

Education and Growth with Learning by Doing

Marconi, Gabriele - 2015

relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …

Persistent link: https://www.econbiz.de/10013021942

Transitional Dynamics of an Endogenous Growth Model with an Erosion Effect

Sequeira, Tiago Neves - 2022

The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied …

Persistent link: https://www.econbiz.de/10013292967

Semi-endogenous growth in a non-Walrasian DSEM for Brazil : estimation and simulation of changes in foreign income, human capital, R&D, and terms of trade

Ziesemer, Thomas - In: Economic change & restructuring 56 (2023) 2, pp. 1147-1183

Persistent link: https://www.econbiz.de/10014252467

Technological change and the wealth of nations

Gancia, Gino; Zilibotti, Fabrizio - Department of Economics and Business, Universitat … - 2008

We discuss a unified theory of directed technological change and technology adoption that can shed light on the causes of persistent productivity differences across countries. In our model, new technologies are designed in advanced countries and diffuse endogenously to less developed countries....

Persistent link: https://www.econbiz.de/10005772064

Tax policy and human capital formation with public investment in education

Valente, Simone - CER-ETH Center of Economic Research, Department of … - 2005

This paper studies the e¤ects of distortionary taxes and public in- vestment in an endogenous growth OLG model with … knowledge trans- mission. Fiscal policy a¤ects growth in two respects: .rst, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

Persistent link: https://www.econbiz.de/10005800896

Endogenous Growth with Public Factors and Heterogeneous Human Capital Producers

Thomas, Ziesemer - Volkswirtschaftliche Fakultät, … - 1994

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

Tax Policy and Human Capital Formation with Public Investment in Education

Valente, Simone - EconWPA - 2005

This paper studies the effects of distortionary taxes and public investment in an endogenous growth OLG model with … knowledge transmission. Fiscal policy affects growth in two respects: First, work time reacts to variations of prospective tax … generations, and are not necessarily growth-improving with respect to a pure private system. Non-Ramsey policies that shift the …

Persistent link: https://www.econbiz.de/10005561213

Growth and welfare effects of health care in knowledge based economies

Kuhn, Michael; Prettner, Klaus - 2012

We study the effects of a labor-intensive health care sector within an R&D-driven growth model with overlapping … health care enhances growth and welfare. Even if the provision of health care diverts labor from productive activities, it … may still fuel R&D and economic growth if the additional wealth that comes with expanding longevity translates into a more …

Persistent link: https://www.econbiz.de/10010358148

South-North convergence from a new perspective

Hübler, Michael - 2013

This North-South model of Schumpeterian endogenous growth combines a market, productivity and knowledge effect. A set … of various convergent and divergent growth paths is derived that is much richer than in the literature so far. South …. Not only a larger Southern market size, but also a higher Southern steady state growth rate benefit the North so that …

Persistent link: https://www.econbiz.de/10010204037