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Human Capital, the Structure of Production, and Growth Author info | Abstract | Publisher info | Download info | Related research | Statistics Ciccone, Antonio
Papaioannou, Elias
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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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Keywords: growth human Capital structure of production Other versions of this item:
Paper Antonio Ciccone & Elias Papaioannou, 2006.
"Human capital, the structure of production, and growth ,"
Working Paper Series
623, European Central Bank.
[Downloadable!] Antonio Ciccone & Elias Papaioannou, 2005.
"Human Capital, the Structure of Production, and Growth ,"
Economics Working Papers
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[Downloadable!] Find related papers by JEL classification: E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical F11 - International Economics - - Trade - - - Neoclassical Models of Trade O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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Elias Papaioannou, 2007.
"Finance and growth - a macroeconomic assessment of the evidence from a European angle ,"
Working Paper Series
787, European Central Bank.
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