Human Capital, the Structure of Production, and Growth

Antonio Ciccone and Elias Papaioannou

No 5354, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 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.

Keywords: Human capital; Growth; Structure of production (search for similar items in EconPapers)
JEL-codes: E13 F11 O11 (search for similar items in EconPapers)
Date: 2005-11
New Economics Papers: this item is included in nep-dev, nep-hrm and nep-mac
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Citations: View citations in EconPapers (15)

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Related works:
Working Paper: Human capital, the structure of production, and growth (2006)
Working Paper: Human Capital, the Structure of Production, and Growth (2005)
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