Human Capital, Investment and Innovation: What Are the Connections?
AbstractFingold and Soskice (1988) argue that Britain is trapped in a "low-skills" equilibrium. In Redding (1996), this notion is formalized in a dynamic model which relies on strategic complementarities between firms' investments in R&D and workers' investments in human capital. In this paper, we investigate the firms' side of the story, notably wheher their investments in fixed capital and R&D are influenced by the avilability of human capital.
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Bibliographic InfoPaper provided by Centre for Economic Performance & Institute of Economics in its series Papers with number 20.
Length: 28 pages
Date of creation: 1997
Date of revision:
Contact details of provider:
Postal: United Kingdom; Centre for Economic Performance & Institute of Economics and Statistics, Oxford University. Manor Road. Oxford OX1 3Ul
Web page: http://www.economics.ox.ac.uk/
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HUMAN CAPITAL ; RESEARCH AND DEVELOPMENT;
Other versions of this item:
- Stephen Nickell & D Nicolitsas, 1997. "Human Capital Investment and Innovation: What Are The Connections?," CEP Discussion Papers dp0370, Centre for Economic Performance, LSE.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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- Jirjahn, Uwe & Kraft, Kornelius, 2006. "Do Spillovers Stimulate Incremental or Drastic Product Innovations? Hypotheses and Evidence from German Establishment Data," ZEW Discussion Papers 06-23, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- The Treasury, 2001. "Human Capital and the Inclusive Economy," Treasury Working Paper Series 01/16, New Zealand Treasury.
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