Ribeiro, Maria-João (2000) A nonscale growth model with R&D and human capital accumulation. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.574).

Preview

PDF WRAP_Ribeiro_twerp574.pdf - Requires a PDF viewer. Download (153Kb)

Request Changes to record.

Abstract

This paper aims to contribute to the new growth theory with a model in which the engine of growth is human capital growth. Building on Romer's [1990] model, two new functions are introduced: (1) a specification for the production of new designs that assumes no externalities and no inventions before time zero; and (2) A specification for the accumulation of human capital technically similar to that in Lucas [1988]. As opposed to Romer's model, the scale-effects prediction is eliminated because technological growth does not depend on the number of researchers, but instead on the rate of growth of human capital. Moreover, the model introduced carries a new prediction: Growth depends positively on the ratio of final-good workers to researchers.

Item Type:	Working or Discussion Paper (Working Paper)
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Research and development projects, Endogenous growth (Economics), Human capital, Scaling (Social sciences)
Series Name:	Warwick economic research papers
Publisher:	University of Warwick, Department of Economics
Place of Publication:	Coventry
Official Date:	November 2000
Dates:	Date Event November 2000 Published
Number:	No.574
Number of Pages:	18
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access (Creative Commons)
Funder:	Fundação para a Ciência e a Tecnologia (FCT), Universidade do Minho (UdM)

Request changes or add full text files to a record

Repository staff actions (login required)

View Item

Downloads