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Human Capital and R&D Activities in a Schumpeterian Endogenous Growth Model

Author

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  • Iza, A

Abstract

This paper is an extension of the Aghion and Howitt's model (1992). The new feature is that the qualification of the skilled labor force depends on the technology level in the economy. On the other hand, the R&D effort made in the economy depends upon the research sector's expectations about the "productive capabilities" of the skilled labor in using the new technology, which affects the price of the patent.

Suggested Citation

  • Iza, A, 1997. "Human Capital and R&D Activities in a Schumpeterian Endogenous Growth Model," ASSET - Instituto De Economia Publica 150, ASSET (Association of Southern European Economic Theorists).
    • Handle: RePEc:fth:inecpu:150
    as

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    More about this item

    Keywords

    ECONOMIC GROWTH ; RESEARCH AND DEVELOPMENT ; HUMAN CAPITAL ; TECHNOLOGY;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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