We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...

This paper employs a dynamic framework to compare the effects of alternative governmental activities on the process of convergence. Policy instruments include facilitating private investment and public expenditure (amount and structure) that act as enhancing individual skills. Highly skilled...

We propose a new macroeconomic mechanism for generating patterns in age-earnings profiles based on directed technical change. The mechanism does not depend on changes in the human capital of the individual; rather differences in the human capital shares of age groups affect the profitability of...

We propose a new macroeconomic mechanism for generating patterns in age-earnings profiles based on directed technical change. The mechanism does not depend on changes in the human capital of the individual; rather differences in the human capital shares of age groups affect the profitability of...

This paper employs a dynamic framework to compare the effects of alternative government activities on convergence of industrialized economies to the technology frontier. The government's Instruments include facilitating private investment and education policy. The latter enhances skills of...

Small Manufacturing Enterprises (SMEs) in an overpopulated developing economy serve the dual role of job-creation and shifting the occupational structure. However, their contribution to the overall health of the economy are being questioned on grounds of low productivity and economic viability....

This paper develops a simple overlapping-generations model that relates career choices of highly educated workers to the rate of technological progress over time. The paper shows that, in the recent period of technological breakthroughs, if workers either acquire a sufficiently large number of...

At the heart of the Skill Biased Technical Change literature is a discussion of the temporal impact of technological change on wages. The narrative describes technological change as allowing for the increased codification of routine tasks which enables capital to become more easily substituted...

Existing empirical analyses of Skill Biased Technical Change focus on examining repeated cross-sections of individuals holding occupational task measures fixed. That approach cannot explore how wages respond to temporal variation in task orientation. This analysis examines wage effects using a...

This paper investigates the existence of a virtuous circle between industries’ employment quality, the ability to introduce new products, increase labour productivity and pay higher wages. We first present descriptive evidence of these trends in Europe. We then develop a simultaneous...