Investments in Human Capital, Technological Diffusion and Economic Development PDF Download

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

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

Author: Gordon G. Liu
Publisher: World Scientific
ISBN: 9812814418
Category : Political Science
Languages : en
Pages : 422

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Book Description
This book is a reflection of the current research that explores the mechanism, dynamics and evidence of the impact of human capital on economic development and social well-being in modern China. Composed of keynote speeches and selected papers from The 2005 International Conference of the Chinese Economists Society (www.china-ces.org), it tracks the latest understanding and empirical evidence of the relationships amongst health, education and economic development in China. The book presents a broad spectrum of study topics covering human capital and economic growth; demand, attainment and disparity in both education and health; and investing in human capital and the economic and social returns in China. Distinguished contributors include Robert Fogel, Michael Grossman, Daniel Hamermesh, Gregory Chow and Dean Jamison.

Author: Andreas Savvides
Publisher: Stanford University Press
ISBN: 0804769761
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
This book provides an in-depth investigation of the link between human capital and economic growth. The authors take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital. The text fosters a deep understanding of the connection between human capital and economic growth through the exploration of different theoretical approaches, a review of the literature, and the application of nonlinear estimation techniques to a comprehensive data set. The authors discuss nonparametric econometric techniques and their application to estimating nonlinearities—which has emerged as one of the most salient features of empirical work in modeling the human capital-growth relationship, and the process of economic growth in general. By delving into the topic from theoretical and empirical standpoints, this book offers an insightful new view that will be extremely useful for scholars, students, and policy makers.

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

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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

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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: Theodore W. Schultz
Publisher:
ISBN:
Category :
Languages : en
Pages : 286

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Book Description

Author: Kamal Saggi
Publisher: World Bank Publications
ISBN: 1706080972
Category : Attributes
Languages : en
Pages : 50

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Book Description
Abstract: May 2000 - How much a developing country can take advantage of technology transfer from foreign direct investment depends partly on how well educated and well trained its workforce is, how much it is willing to invest in research and development, and how much protection it offers for intellectual property rights. Saggi surveys the literature on trade and foreign direct investment - especially wholly owned subsidiaries of multinational firms and international joint ventures - as channels for technology transfer. He also discusses licensing and other arm's-length channels of technology transfer. He concludes: How trade encourages growth depends on whether knowledge spillover is national or international. Spillover is more likely to be national for developing countries than for industrial countries; Local policy often makes pure foreign direct investment infeasible, so foreign firms choose licensing or joint ventures. The jury is still out on whether licensing or joint ventures lead to more learning by local firms; Policies designed to attract foreign direct investment are proliferating. Several plant-level studies have failed to find positive spillover from foreign direct investment to firms competing directly with subsidiaries of multinationals. (However, these studies treat foreign direct investment as exogenous and assume spillover to be horizontal - when it may be vertical.) All such studies do find the subsidiaries of multinationals to be more productive than domestic firms, so foreign direct investment does result in host countries using resources more effectively; Absorptive capacity in the host country is essential for getting significant benefits from foreign direct investment. Without adequate human capital or investments in research and development, spillover fails to materialize; A country's policy on protection of intellectual property rights affects the type of industry it attracts. Firms for which such rights are crucial (such as pharmaceutical firms) are unlikely to invest directly in countries where such protections are weak, or will not invest in manufacturing and research and development activities. Policy on intellectual property rights also influences whether technology transfer comes through licensing, joint ventures, or the establishment of wholly owned subsidiaries. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study microfoundations of international technology diffusion. The study was funded by the Bank's Research Support Budget under the research project Microfoundations of International Technology Diffusion. The author may be contacted at [email protected].

Author: Yong Jin Kim
Publisher:
ISBN:
Category : Human capital
Languages : en
Pages : 40

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Book Description

Author: Ángel de la Fuente
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 128

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Book Description

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

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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.