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The role of human capital composition has been given importance in the most recent endogenous growth models. Assuming that primary as well as secondary education is more suitable for imitation and higher education is more appropriate for innovation, this paper empirically investigates whether...
Persistent link: https://www.econbiz.de/10008492267
, the model allows for conditional convergence to a long-run level of TFP relative to the frontier.  We also develop an … convergence has taken place over our sample period and that geographic distance to the technology frontier matters. …
Persistent link: https://www.econbiz.de/10011004195
long run, because of their low level of knowledge relative to the adoption technology target. If the intensity in which the … adoption activity uses knowledge is high, then the less developed economy may end up trapped in a low growth equilibrium. We … knowledge during the transition. Nevertheless, polarization is possible. If knowledge intensity in the adoption activity is low …
Persistent link: https://www.econbiz.de/10008765195
We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer to the technological frontier under the reasonable...
Persistent link: https://www.econbiz.de/10010292939
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and the ease of knowledge diffusion explains a long epoch of (quasi-) stasis and an epoch of high growth linked by a gradual economic...
Persistent link: https://www.econbiz.de/10010311672
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and the ease of knowledge diffusion explains a long epoch of (quasi-) stasis and an epoch of high growth linked by a gradual economic...
Persistent link: https://www.econbiz.de/10010289011
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and the ease of knowledge diffusion explains a long epoch of (quasi-) stasis and an epoch of high growth linked by a gradual economic...
Persistent link: https://www.econbiz.de/10010954288
factors are also shown to speed up technology convergence thereby confirming previous empirical studies. Our estimates tackle …
Persistent link: https://www.econbiz.de/10009319367
modeled as the determinant of conditional convergence, while technological progress and economic openness further strengthen … the social infrastructure bringing about absolute convergence. The model is also able to explain why some developing …
Persistent link: https://www.econbiz.de/10009350211
We derive synthetic time series over the 1960-1995 period on the literacy level of labor market entrants from the demographic profile of the 1994 International Adult Literacy Survey. This information is then used as a measure of investment in education in a two-way error correction panel data...
Persistent link: https://www.econbiz.de/10008491489