High-Tech Human Capital: do the Richest Countries Invest the Most?

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/10362/83500
Resumo: Research and Development (R&D) endogenous growth models predict and most evidence show that investment in R&D increase with economic development. We consider the type of human capital mainly used in research labs and show that the richest countries are investing proportionally less than middle income countries in engineering and technical human capital. We generalize this result, controlling for other explanatory variables, cross-time error correlations, heteroskedaticity and endogeneity bias. Thus, we establish a stylized fact (about human capital composition) that is a puzzle to economic theory: the ratio of high-tech to low-tech human capital presents an inverted U-shaped relationship with GDP per capita.
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spelling High-Tech Human Capital: do the Richest Countries Invest the Most?Human capital compositionHigh-tech human capitalR&DDevelopmentResearch and Development (R&D) endogenous growth models predict and most evidence show that investment in R&D increase with economic development. We consider the type of human capital mainly used in research labs and show that the richest countries are investing proportionally less than middle income countries in engineering and technical human capital. We generalize this result, controlling for other explanatory variables, cross-time error correlations, heteroskedaticity and endogeneity bias. Thus, we establish a stylized fact (about human capital composition) that is a puzzle to economic theory: the ratio of high-tech to low-tech human capital presents an inverted U-shaped relationship with GDP per capita.Nova SBERUNSequeira, Tiago2019-10-07T13:01:41Z20032003-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/83500engNeves Sequeira, Tiago, High-Tech Human Capital: do the Richest Countries Invest the Most? (2003). FEUNL Working Paper Series No. 430info: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:RCAAP2024-03-11T04:37:14Zoai:run.unl.pt:10362/83500Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:19.808765Repositório 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 High-Tech Human Capital: do the Richest Countries Invest the Most?
title High-Tech Human Capital: do the Richest Countries Invest the Most?
spellingShingle High-Tech Human Capital: do the Richest Countries Invest the Most?
Sequeira, Tiago
Human capital composition
High-tech human capital
R&D
Development
title_short High-Tech Human Capital: do the Richest Countries Invest the Most?
title_full High-Tech Human Capital: do the Richest Countries Invest the Most?
title_fullStr High-Tech Human Capital: do the Richest Countries Invest the Most?
title_full_unstemmed High-Tech Human Capital: do the Richest Countries Invest the Most?
title_sort High-Tech Human Capital: do the Richest Countries Invest the Most?
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
High-tech human capital
R&D
Development
topic Human capital composition
High-tech human capital
R&D
Development
description Research and Development (R&D) endogenous growth models predict and most evidence show that investment in R&D increase with economic development. We consider the type of human capital mainly used in research labs and show that the richest countries are investing proportionally less than middle income countries in engineering and technical human capital. We generalize this result, controlling for other explanatory variables, cross-time error correlations, heteroskedaticity and endogeneity bias. Thus, we establish a stylized fact (about human capital composition) that is a puzzle to economic theory: the ratio of high-tech to low-tech human capital presents an inverted U-shaped relationship with GDP per capita.
publishDate 2003
dc.date.none.fl_str_mv 2003
2003-01-01T00:00:00Z
2019-10-07T13:01:41Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/83500
url http://hdl.handle.net/10362/83500
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Neves Sequeira, Tiago, High-Tech Human Capital: do the Richest Countries Invest the Most? (2003). FEUNL Working Paper Series No. 430
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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