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Humankapital und endogenes Wachstum

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  • Homburg, Stefan

Abstract

In the paper a growth model is developed which admits endogenous growth. Endogenous growth is due to simultaneous efficient accumulation of physical as well as human capital. In contrast to similar growth models, we assume that output can be transformed into either physical or human capital according to a linear transformation technology. The resulting model is particularly simple and entails sharp empirical predictions. Various empirical tests of that approach and the neoc1assical growth model are performed. -- In der Arbeit wird ein endogenes Wachstums modell entwickelt. Das endogene Wachstum beruht auf der simultanen effizienten Akkumulation von physischem Kapital und Humankapital. Anders als in verwandten Ansätzen wird unterstellt, daß der Output Eins zu Eins in physisches oder Humankapital umgeformt werden kann. Hierdurch ergibt sich ein Modell mit besonders einfacher Struktur, das scharfe testbare Implikationen hat. Der Ansatz wird sodann zahlreichen empirischen Vergleichen mit dem Neoklassischen Modell unterworfen.

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Bibliographic Info

Article provided by ZBW - German National Library of Economics in its journal EconStor Open Access Articles.

Volume (Year): (1995)
Issue (Month): ()
Pages: 339-366

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Handle: RePEc:zbw:espost:92895

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Related research

Keywords: Human capital; Economic growth;

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References

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  1. Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," Working papers 527, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. King, R.G. & Rebelo, S.T., 1989. "Transitional Dynamics And Economic Growth In The Neoclassical Model," RCER Working Papers 206, University of Rochester - Center for Economic Research (RCER).
  3. John W. Kendrick, 1976. "The Formation and Stocks of Total Capital," NBER Books, National Bureau of Economic Research, Inc, number kend76-1, May.
  4. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
  5. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
  6. Martin Feldstein & Charles Horioka, 1979. "Domestic Savings and International Capital Flows," NBER Working Papers 0310, National Bureau of Economic Research, Inc.
  7. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  8. Howard Pack, 1994. "Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 55-72, Winter.
  9. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
  10. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467.
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Citations

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Cited by:
  1. Zattler, Jürgen K., 1998. "Endogene Wachstumstheorie und wirtschaftspolitische Implikaktionen für Entwicklungsländer: The missing link," Discussion Papers in Development Economics 27, Justus Liebig University Giessen, Institute for Development Economics.
  2. Wolfgang Becker, 1999. "Gesamtwirtschaftlicher Stellenwert der Humankapitalproduktion im Hochschulbereich in Westdeutschland," Discussion Paper Series 187, Universitaet Augsburg, Institute for Economics.
  3. Wilhelm, Rainer, 1996. "Endogene Wachstumstheorien und ihre Implikationen für Entwicklungsländer," Discussion Papers in Development Economics 20, Justus Liebig University Giessen, Institute for Development Economics.

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