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Human Capital, the Structure of Production, and Growth

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  • Ciccone, Antonio
  • Papaioannou, Elias

Abstract

Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labour augmenting technologies becoming available since the 1970's. High human capital levels should therefore have translated into fast growth in more compared to less human-capital-intensive industries in the 1980's. Theories of international specialization point to human capital accumulation as another important determinant of growth in human-capital-intensive industries. Using data for a large sample of countries, we find significant positive effects of human capital levels and human capital accumulation on output and employment growth in human-capital-intensive industries.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 5354.

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Date of creation: Nov 2005
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Handle: RePEc:cpr:ceprdp:5354

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Keywords: growth; human Capital; structure of production;

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