Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model

Detalhes bibliográficos
Autor(a) principal: Sequeira, Tiago
Data de Publicação: 2003
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/83496
Resumo: The effect of human capital composition on growth and development has been somewhat neglected in economic literature. However, evidence has suggested the importance of engineering and technical skills to economic growth and international organizations had suggested their shortage in developed countries. Using a standard increasing variety endogenous growth model, we propose various measures of this composition. We show that human capital composition matters to growth and development, that the decentralized equilibrium leads to less investment in high-techs than the optimum and that the tendency to under-invest in R&D is expanded when human capital composition is considered. When compared to data, the model does well in explaining the rate of growth and the level of development (less robustly) as a function of these measures.
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spelling Human Capital Composition, Growth and Development in an R&D Endogenous Growth ModelHuman Capital CompositionGrowthDevelopmentR&DThe effect of human capital composition on growth and development has been somewhat neglected in economic literature. However, evidence has suggested the importance of engineering and technical skills to economic growth and international organizations had suggested their shortage in developed countries. Using a standard increasing variety endogenous growth model, we propose various measures of this composition. We show that human capital composition matters to growth and development, that the decentralized equilibrium leads to less investment in high-techs than the optimum and that the tendency to under-invest in R&D is expanded when human capital composition is considered. When compared to data, the model does well in explaining the rate of growth and the level of development (less robustly) as a function of these measures.Nova SBERUNSequeira, Tiago2019-10-07T12:26:52Z20032003-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/83496engNeves Sequeira, Tiago, Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model (2003): FEUNL Working Paper Series No. 434info: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:RCAAP2024-03-11T04:37:13Zoai:run.unl.pt:10362/83496Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:19.621689Repositório 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 Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
title Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
spellingShingle Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
Sequeira, Tiago
Human Capital Composition
Growth
Development
R&D
title_short Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
title_full Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
title_fullStr Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
title_full_unstemmed Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
title_sort Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model
author Sequeira, Tiago
author_facet Sequeira, Tiago
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Sequeira, Tiago
dc.subject.por.fl_str_mv Human Capital Composition
Growth
Development
R&D
topic Human Capital Composition
Growth
Development
R&D
description The effect of human capital composition on growth and development has been somewhat neglected in economic literature. However, evidence has suggested the importance of engineering and technical skills to economic growth and international organizations had suggested their shortage in developed countries. Using a standard increasing variety endogenous growth model, we propose various measures of this composition. We show that human capital composition matters to growth and development, that the decentralized equilibrium leads to less investment in high-techs than the optimum and that the tendency to under-invest in R&D is expanded when human capital composition is considered. When compared to data, the model does well in explaining the rate of growth and the level of development (less robustly) as a function of these measures.
publishDate 2003
dc.date.none.fl_str_mv 2003
2003-01-01T00:00:00Z
2019-10-07T12:26:52Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/83496
url http://hdl.handle.net/10362/83496
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Neves Sequeira, Tiago, Human Capital Composition, Growth and Development in an R&D Endogenous Growth Model (2003): FEUNL Working Paper Series No. 434
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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