Human Capital, Technology Diffusion and Economic Growth PDF Download

Author: Erik Hornung
Publisher:
ISBN: 9783885125280
Category : Human capital
Languages : en
Pages : 182

View

Book Description

Author: Josef Ludger Loening
Publisher:
ISBN:
Category :
Languages : en
Pages : 16

View

Book Description
This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force appears to have a positive and significant impact on economic growth both via factor accumulation as well as on the evolution of total factor productivity. The results have been found robust concerning data issues and parameter stability.

Author: Richard R. Nelson
Publisher:
ISBN:
Category : Creative ability in technology
Languages : en
Pages : 13

View

Book Description
The paper is concerned with the relationships between capital structure and technological progress. The process of education is viewed as an act of investment in people, and educated people are seen as bearers of human capital. According to the models presented, the rate of return to education is greater the more technologically progressive is the economy. This suggests that the progressiveness of the technology has implications for the optimal capital structure in the broad sense. It is concluded that society should build more human capital relative to tangible capital the more dynamic is the technology.

Author: L. Paganetto
Publisher: Springer
ISBN: 1403920230
Category : Business & Economics
Languages : en
Pages : 215

View

Book Description
A crucial issue in the era of globalisation and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Received wisdom is that Research and Development is essential not only for maintaining productivity, but also for competing in the marketplace. Similar questions have been raised about education and its rate of 'social return; is education necessary for improving the skill of the workforce, or does it serve primarily to facilitate the adoption of these new technologies? This book brings together a case of leading international scholars to analyze the importance of education, research and human capital and the impact of financial systems on growth and development.

Author: David A. Robalino
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages : 296

View

Book Description
One of the topics that has emerged during the last decade in the policy agenda of national governments and international organizations is the design of policies that seek long-term economic growth while improving and sustaining the environment. The analysis of this type of policies is usually based on macroeconomic models which link changes in policy instruments (e.g., fiscal policy, pollution taxes, carbon permits, energy subsidies) to some outcome measure such as aggregate output or consumption. Critical assumptions within these models are related to the dynamics of technology-related-variables, such as total factor productivity, or the carbon intensity of the economy. Usually, these dynamics are defined exogenously, or endogenized by formalizing the effects of changes in input prices or R & D investments. Nonetheless, the micro- process of technology adoption, where decentralized heterogeneous economic agents interact and share information about the dynamics of the economy and the characteristics of new technologies, has been always ignored. Yet, it is this process which is behind the diffusion of new technologies and ultimately the dynamics of macro variables such as the carbon intensity of the economy.

Author:
Publisher:
ISBN:
Category : Education, Higher
Languages : en
Pages : 2

View

Book Description

Author: Jess Benhabib
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description
This paper generalizes the Nelson-Phelps catch-up model of technology diffusion. We allow for the possibility that the pattern of technology difusion can be exponential, which would predict that nations would exhibit positive catch-up with the leader nation, or logistic, in which a country with a sufficiently small capital stock may exhibit slower total factor productivity growth than the leader nation. We derive a nonlinear specification for total factor productivity growth that nests these two specifications. We estimate this specification for a cross-section of nations from 1960 through 1995. Our results support the logistic specification, and are robust to a number of sensitivity checks. Our model also appears to predict slow total factor productivity growth well. 22 of the 27 nations that we identify as lacking the critical human capital levels needed to achieve faster total factor productivity growth than the leader nation in 1960 did achieve lower growth over the next 35 years.

Author: Alessandro Goglio
Publisher:
ISBN:
Category :
Languages : en
Pages : 193

View

Book Description
In order to understand this gap we interpret technological progress as a nonautomatic process.

Author: Jonas Ljungberg
Publisher: Springer
ISBN: 0230523811
Category : Business & Economics
Languages : en
Pages : 253

View

Book Description
One theme of this volume is whether the complementarity between technology and human capital is a recent phenomenon, or whether it can be traced through history. Different approaches to human capital as well as technology are applied, and besides historical surveys are total factor productivity and patent data employed. The studies deal with the Iberian peninsula, Scandinavia, and Canada, countries displaying different patterns in the international development.

Author: Alberto Bucci
Publisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384

View

Book Description
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.