Human Capital Accumulation in R&D-based Growth Models

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Human Capital Accumulation in R&D-based Growth Models

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Claudio, MATTALIA

Abstract

This paper considers a multi-sectoral endogenous growth model, that reproduces the essental aspects of an ÔICT-based economyÕ, in which a central role is played by human capital accumulation. Indeed, households also invest in human capital through schooling, and this turns out to be the thrue engine of growth. Furthermore, this model displays no scale effect and the stimulations allow to get interesting results concerning the link between market power and growth, the presence of Ôimbalance effectsÕ and the consequences of different types of subsidies

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Paper provided by Université catholique de Louvain, Département des Sciences Economiques in its series Discussion Papers (ECON - Département des Sciences Economiques) with number 2005046.

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Length: 41
Date of creation: 15 Sep 2005
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Handle: RePEc:ctl:louvec:2005046

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Find related papers by JEL classification:
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques

This paper has been announced in the following NEP Reports:

NEP-ALL-2005-12-14 (All new papers)
NEP-HRM-2005-12-14 (Human Capital & Human Resource Management)
NEP-INO-2005-12-14 (Innovation)
NEP-MAC-2005-12-14 (Macroeconomics)

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Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July. [Downloadable!] (restricted)

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