Skill structure and technology structure : innovation and growth implications

Detalhes bibliográficos
Autor(a) principal: Gil, Pedro Mazela
Data de Publicação: 2012
Outros Autores: Afonso, Óscar, Brito, Paulo
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/23937
Resumo: This paper builds an endogenous growth model of directed technical change with vertical and horizontal R&D and scale effects at the industry level to study an analytical mechanism that is consistent with the observed crosscountry pattern in the skill structure, the technology structure and economic growth. We calibrate the model in order to uncover the effect of the skill structure on economic growth by studying how the former affects the technology structure. We find that the small positive elasticity of the economic growth rate regarding the ratio of high- to low-skilled workers that is empirically observed is explained by the combination of moderate levels of the market complexity costs related to vertical R&D and high entry costs in the high- vis-à-vis the low-tech sectors, which dampen the positive direct effect of the absolute productivity advantage of the high-skilled workers on growth.
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spelling Skill structure and technology structure : innovation and growth implicationsHigh-TechLow-TechScale EffectsSkillsDirected Technical ChangeThis paper builds an endogenous growth model of directed technical change with vertical and horizontal R&D and scale effects at the industry level to study an analytical mechanism that is consistent with the observed crosscountry pattern in the skill structure, the technology structure and economic growth. We calibrate the model in order to uncover the effect of the skill structure on economic growth by studying how the former affects the technology structure. We find that the small positive elasticity of the economic growth rate regarding the ratio of high- to low-skilled workers that is empirically observed is explained by the combination of moderate levels of the market complexity costs related to vertical R&D and high entry costs in the high- vis-à-vis the low-tech sectors, which dampen the positive direct effect of the absolute productivity advantage of the high-skilled workers on growth.Faculdade de Economia - Universidade do PortoRepositório da Universidade de LisboaGil, Pedro MazelaAfonso, ÓscarBrito, Paulo2022-03-28T14:37:04Z2012-092012-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/23937engGil, Pedro Mazela. Óscar Afonso and Paulo Brito .2012. “Skill structure and technology structure: innovation and growth implications”. Faculdade de Economia. Universidade do Porto – Working Papers nº 470/ 2012.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:53:34Zoai:www.repository.utl.pt:10400.5/23937Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:05.536699Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Skill structure and technology structure : innovation and growth implications
title Skill structure and technology structure : innovation and growth implications
spellingShingle Skill structure and technology structure : innovation and growth implications
Gil, Pedro Mazela
High-Tech
Low-Tech
Scale Effects
Skills
Directed Technical Change
title_short Skill structure and technology structure : innovation and growth implications
title_full Skill structure and technology structure : innovation and growth implications
title_fullStr Skill structure and technology structure : innovation and growth implications
title_full_unstemmed Skill structure and technology structure : innovation and growth implications
title_sort Skill structure and technology structure : innovation and growth implications
author Gil, Pedro Mazela
author_facet Gil, Pedro Mazela
Afonso, Óscar
Brito, Paulo
author_role author
author2 Afonso, Óscar
Brito, Paulo
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Gil, Pedro Mazela
Afonso, Óscar
Brito, Paulo
dc.subject.por.fl_str_mv High-Tech
Low-Tech
Scale Effects
Skills
Directed Technical Change
topic High-Tech
Low-Tech
Scale Effects
Skills
Directed Technical Change
description This paper builds an endogenous growth model of directed technical change with vertical and horizontal R&D and scale effects at the industry level to study an analytical mechanism that is consistent with the observed crosscountry pattern in the skill structure, the technology structure and economic growth. We calibrate the model in order to uncover the effect of the skill structure on economic growth by studying how the former affects the technology structure. We find that the small positive elasticity of the economic growth rate regarding the ratio of high- to low-skilled workers that is empirically observed is explained by the combination of moderate levels of the market complexity costs related to vertical R&D and high entry costs in the high- vis-à-vis the low-tech sectors, which dampen the positive direct effect of the absolute productivity advantage of the high-skilled workers on growth.
publishDate 2012
dc.date.none.fl_str_mv 2012-09
2012-09-01T00:00:00Z
2022-03-28T14:37:04Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/23937
url http://hdl.handle.net/10400.5/23937
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Gil, Pedro Mazela. Óscar Afonso and Paulo Brito .2012. “Skill structure and technology structure: innovation and growth implications”. Faculdade de Economia. Universidade do Porto – Working Papers nº 470/ 2012.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Faculdade de Economia - Universidade do Porto
publisher.none.fl_str_mv Faculdade de Economia - Universidade do Porto
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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