G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5375
DP5375 Real Wage Rigidities and the New Keynesian Model
olivier blanchard; Jordi Gali
发表日期2005-11-17
出版年2005
语种英语
摘要Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labour augmenting technologies becoming available since the 1970's. High human capital levels should therefore have translated into fast growth in more compared to less human-capital-intensive industries in the 1980's. Theories of international specialization point to human capital accumulation as another important determinant of growth in human-capital-intensive industries. Using data for a large sample of countries, we find significant positive effects of human capital levels and human capital accumulation on output and employment growth in human-capital-intensive industries.
主题International Macroeconomics
关键词Human capital Growth Structure of production
URLhttps://cepr.org/publications/dp5375
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/534228
推荐引用方式
GB/T 7714
olivier blanchard,Jordi Gali. DP5375 Real Wage Rigidities and the New Keynesian Model. 2005.
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