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Humankapital und endogenes Wachstum

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  • Homburg, Stefan

Abstract

In the paper a growth model is developed which admits endogenous growth. Endogenous growth is due to simultaneous efficient accumulation of physical as well as human capital. In contrast to similar growth models, we assume that output can be transformed into either physical or human capital according to a linear transformation technology. The resulting model is particularly simple and entails sharp empirical predictions. Various empirical tests of that approach and the neoc1assical growth model are performed.

Suggested Citation

  • Homburg, Stefan, 1995. "Humankapital und endogenes Wachstum," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 339-366.
  • Handle: RePEc:zbw:espost:92895
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    File URL: https://www.econstor.eu/bitstream/10419/92895/1/Homburg1995Humankapital.pdf
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Howard Pack, 1994. "Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 55-72, Winter.
    3. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
    4. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    5. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467-467.
    6. King, Robert G & Rebelo, Sergio T, 1993. "Transitional Dynamics and Economic Growth in the Neoclassical Model," American Economic Review, American Economic Association, vol. 83(4), pages 908-931, September.
    7. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    8. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    9. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-329, June.
    10. John W. Kendrick, 1976. "The Formation and Stocks of Total Capital," NBER Books, National Bureau of Economic Research, Inc, number kend76-1.
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    Citations

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    Cited by:

    1. Zattler, Jürgen K., 1998. "Endogene Wachstumstheorie und wirtschaftspolitische Implikaktionen für Entwicklungsländer: The missing link," Discussion Papers in Development Economics 27, Justus Liebig University Giessen, Institute for Development Economics.
    2. Rissiek, Jörg, 1996. "Subventionierung der individuellen Humankapitalinvestitionen?," Ilmenau Economics Discussion Papers 6, Ilmenau University of Technology, Institute of Economics.
    3. Straubhaar Thomas, 1999. "Brain Gain: Wohin gehen die Wissensträger in Zukunft?," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 50(1), pages 233-258, January.
    4. Wilhelm, Rainer, 1996. "Endogene Wachstumstheorien und ihre Implikationen für Entwicklungsländer," Discussion Papers in Development Economics 20, Justus Liebig University Giessen, Institute for Development Economics.
    5. Alexia Prskawetz & Gunter Steinmann & Gustav Feichtinger, 1998. "A model on the escape from the Malthusian trap," Journal of Population Economics, Springer;European Society for Population Economics, vol. 11(4), pages 535-550.
    6. Wolfgang Becker, 1999. "Gesamtwirtschaftlicher Stellenwert der Humankapitalproduktion im Hochschulbereich in Westdeutschland," Discussion Paper Series 187, Universitaet Augsburg, Institute for Economics.

    More about this item

    Keywords

    Human capital; Economic growth;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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