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Human Capital Composition, R&D and the Increasing Role of Services Author info | Abstract | Publisher info | Download info | Related research | Statistics Tiago Neves Sequeira (Departamento de Gestão e Economia - Universidade da Beira Interior, Faculdade de Economia - Universidade Nova de Lisboa)
Ana B. Reis (Universidade Nova de Lisboa, Faculdade de Economia)
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We relate the negative correlation between income and the ratio of high to low-tech human capital and the positive correlation between income and investment on R&D, both present in developed countries, to the transition to a services economy. To this end a growth model with endogenous innovation and accumulation of high-tech and low-tech human capital is developed. We consider a negative effect of technological development on the accumulation of high-tech human capital and that services are relatively intensive in low-tech human capital. We confirm the model implications quantitatively in a calibration exercise.
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Article provided by Berkeley Electronic Press in its journal The B.E. Journal of Macroeconomics .
Volume (Year): topics.6 (2006)
Issue (Month): 1 ()
Pages:
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Handle: RePEc:bpj:bejmac:v:topics.6:y:2006:i:1:n:12Contact details of provider: Web page: http://www.bepress.com/bejm
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Keywords: human capital composition ; high-tech human capital ; R&D ; services ; Other versions of this item:
Article Paper Reis, Ana Balcao & Sequeira, Tiago Neves, 2004.
"Human Capital Composition, R&D and the Increasing Role of Services ,"
FEUNL Working Paper Series
wp456, Universidade Nova de Lisboa, Faculdade de Economia.
[Downloadable!] Tiago Sequeira & Ana Balcão Reis, 2004.
"Human Capital Composition, R&D and the Increasing Role of Services ,"
Development and Comp Systems
0408011, EconWPA.
[Downloadable!] Find related papers by JEL classification: O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
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