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Human Capital, the Structure of Production, and Growth

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Author Info
Antonio Ciccone (ICREA and Universitat Pompeu Fabra, Department of Economics and Business)
Elias Papaioannou (Dartmouth College, Economics Department)

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Abstract

We document that countries with higher initial education levels experienced faster value-added and employment growth in schooling-intensive industries in the 1980s and 1990s. This effect is robust to controls for other determinants of international specialization and becomes stronger when we focus on economies open to international trade. Our finding is consistent with schooling fostering the adoption of new technologies if such technologies are skilled-labor augmenting, as was the case in the 1980s and the 1990s. In line with international specialization theory, we also find that countries where education levels increased rapidly experienced stronger shifts in production toward schooling-intensive industries. Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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Publisher Info
Article provided by MIT Press in its journal The Review of Economics and Statistics.

Volume (Year): 91 (2009)
Issue (Month): 1 (08)
Pages: 66-82
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Handle: RePEc:tpr:restat:v:91:y:2009:i:1:p:66-82

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Fadinger, Harald & Fleiss, Pablo, 2008. "Trade and Sectoral Productivity," MPRA Paper 6938, University Library of Munich, Germany. [Downloadable!]
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  2. Martinsson, Gustav, 2008. "Firm Collateral and the Cyclicality of Knowledge Intensity," Working Paper Series in Economics and Institutions of Innovation 134, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies. [Downloadable!]
  3. Libertad González & Francesc Ortega, 2008. "How Do Very Open Economies Absorb Large Immigration Flows? Recent Evidence from Spanish Regions," Economic Reports 06-08, FEDEA. [Downloadable!]
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  4. Fabio Moneta & Rasmus Rüffer, 2006. "Business cycle synchronisation in East Asia," Working Paper Series 671, European Central Bank. [Downloadable!]
  5. Elias Papaioannou, 2007. "Finance and growth - a macroeconomic assessment of the evidence from a European angle," Working Paper Series 787, European Central Bank. [Downloadable!]
  6. Annette Kamps, 2006. "The euro as invoicing currency in international trade," Working Paper Series 665, European Central Bank. [Downloadable!]
  7. Paolo Vitale, 2006. "A market microstructure analysis of foreign exchange intervention," Working Paper Series 629, European Central Bank. [Downloadable!]
    Other versions:
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