G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4847
DP4847 Macroeconomic Asymmetry in the European Union: The Difference Between New and Old Members
Yuliya Demyanyk; Vadym Volosovych
发表日期2005-01-23
出版年2005
语种英语
摘要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 labour 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 favour 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. In particular, we show that in OECD economies it is crucial to isolate the two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves to be a factor of economic divergence.
主题International Macroeconomics
关键词Economic growth Human capital Education Imitation Innovation Convergence Technological frontier Wave
URLhttps://cepr.org/publications/dp4847
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/533755
推荐引用方式
GB/T 7714
Yuliya Demyanyk,Vadym Volosovych. DP4847 Macroeconomic Asymmetry in the European Union: The Difference Between New and Old Members. 2005.
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