Technological Leadership, Human Capital and Economic Growth: a Spatial Econometric Analysis for US Counties, 1969–2003
AbstractThis paper uses exploratory and spatial econometric data analysis techniques to investigate the role of space, technological leadership, and human capital for the growth of U.S. counties. We investigate a simple neoclassical-inspired growth model and compare it to a spatial version of an endogenous growth model allowing for "domestic" investment in human capital and catch-up to the technology leader, and find that human capital strongly contributes to growth in a neoclassical setting, but much less so in an endogenous setting. In the latter, the catch-up term and physical capital dominate in comparison to "domestic" human capital effects.
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Bibliographic InfoArticle provided by ENSAE in its journal Annals of Economics and Statistics.
Volume (Year): (2007)
Issue (Month): 87-88 ()
Other versions of this item:
- Valerien Pede & Raymond Florax & Henri de Groot, 2006. "Technological Leadership, Human Capital and Economic Growth: A Spatial Econometric Analysis for U.S. Counties, 1969-2003," Working Papers 06-09, Purdue University, College of Agriculture, Department of Agricultural Economics.
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
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