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Growth, distance to frontier and composition of human capital

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  • Vandenbussche, Jérôme
  • Aghion, Philippe
  • Meghir, Costas

Abstract

We examine the contribution of human capital to economy-wide technological improvements through the two channels of innovation and imitation. We develop a theoretical model showing that skilled labor has a higher growth-enhancing effect closer to the technological frontier under the reasonable assumption that innovation is a relatively more skill-intensive activity than imitation. Also, we provide evidence in favor of this prediction using a panel dataset covering 19 OECD countries between 1960 and 2000 and explain why previous empirical research had found no positive relationship between initial schooling level and subsequent growth in rich countries.

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File URL: http://dash.harvard.edu/bitstream/handle/1/12490648/Distance%20to%20Frontier,%20Growth,%20and%20the%20Composition%20of%20Human%20Capital.pdf
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Paper provided by Harvard University Department of Economics in its series Scholarly Articles with number 12490648.

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Date of creation: 2006
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Publication status: Published in Journal of Economic Growth
Handle: RePEc:hrv:faseco:12490648

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