Vintage Human Capital, Growth, and the Diffusion of New Technology PDF Download

Author: V. V. Chari
Publisher:
ISBN:
Category : Employees
Languages : en
Pages : 36

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

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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: Boyan Jovanovic
Publisher:
ISBN:
Category : Diffusion of innovations
Languages : en
Pages : 64

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Book Description
One usually accounts for output growth in terms of the growth of the primary inputs: labor, physical capital, and possibly human capital. In this paper we account for growth with labor and with intermediate goods. Because we have no measures of the extent of adoption of most intermediate goods in most countries, we have to assume something about how they spread, based on what we see in U.S. data. We find that if all countries have (al the same production function, (b) the same speed of adoption technology, and (c) imperfectly correlated technology shocks, then we can easily account for the extent and persistence of inequality among nations. Unfortunately, while it easily generates the sorts of low frequency movements that we observe, our technology shock seems to have little to do with high frequency movements in GNP so that if our definition of this shock is correct, real business cycle models are way off the mark.

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

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Author:
Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493

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The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

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

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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: Jörg Mayer
Publisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 52

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This paper uses a newly constructed dataset on machinery imports from both developed and developing countries, and employs a cross-country growth-accounting framework to analye the impact of machinery imports, in association with human capital stocks, on economic growth. The findings suggest that machinery imports by developing countries have been higher over the past few years than during the 1970s and 1980s and that such imports from technologically more advanced developing countries have gained considerably in importance. The figures derived from the database support the earlier findings in the literature which suggest that the main roled of human capital in economic growth is to facilitate the adoption of technology from abroad, rather than to act as an independent factor of production.

Author: Olivier La Grandville
Publisher: Emerald Group Publishing
ISBN: 1780523971
Category : Business & Economics
Languages : en
Pages : 608

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Since the very beginnings of economics as a science, which might be dated from Ibn Khaldun's "Introduction to History" (1377), the challenge of making societies escape from poverty and attain some degree of prosperity has always been, and can remain, a fundamental issue. This book presents research on each of these issues.

Author: Leah Platt Boustan
Publisher: University of Chicago Press
ISBN: 022616392X
Category : Business & Economics
Languages : en
Pages : 419

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Book Description
America’s expansion to one of the richest nations in the world was partly due to a steady increase in labor productivity, which in turn depends upon the invention and deployment of new technologies and on investments in both human and physical capital. The accumulation of human capital—the knowledge and skill of workers—has featured prominently in American economic leadership over the past two centuries. Human Capital in History brings together contributions from leading researchers in economic history, labor economics, the economics of education, and related fields. Building on Claudia Goldin’s landmark research on the labor history of the United States, the authors consider the roles of education and technology in contributing to American economic growth and well-being, the experience of women in the workforce, and how trends in marriage and family affected broader economic outcomes. The volume provides important new insights on the forces that affect the accumulation of human capital.

Author: Mariana Mazzucato
Publisher: Cambridge University Press
ISBN: 1139450905
Category : Business & Economics
Languages : en
Pages : 426

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Book Description
Written by internationally acclaimed experts in the economics of innovation, this volume examines how the biotechnology and pharmaceutical sector is affected by the dynamics of innovation, institutions, and public policy. It contributes both theoretically and empirically to the increasingly influential Schumpetarian framework in industrial economics, which places innovation at the centre of the analysis of competition. Both quantitative and qualitative studies are included, and this varied perspective adds to the richness of the volume's insights. The contributors explore different ideas regarding the historical evolution of technology in the sector, and how firms and industry structure have co-evolved with innovation dynamics. Important policy questions are considered regarding the future of innovation in this sector and its impact on the economy.