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Human Capital, the Structure of Production, and Growth

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Author Info
Ciccone, Antonio
Papaioannou, Elias

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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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Related research
Keywords: growth; human Capital; structure of production;

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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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Full references

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!]
    Other versions:
  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!]
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