Human Capital Accumulation in R&D-based Growth Models

Mattalia Claudio

No 2005046, Discussion Papers (ECON - Département des Sciences Economiques) from Université catholique de Louvain, Département des Sciences Economiques

Abstract: This paper considers a multi-sectoral endogenous growth model, that reproduces the essental aspects of an ‘ICT-based economy’, in which a central role is played by human capital accumulation. Indeed, households also invest in human capital through schooling, and this turns out to be the thrue engine of growth. Furthermore, this model displays no scale effect and the stimulations allow to get interesting results concerning the link between market power and growth, the presence of ‘imbalance effects’ and the consequences of different types of subsidies

Keywords: Information technology; endogenous growth; imbalance effect (search for similar items in EconPapers)
JEL-codes: C63 E22 O40 (search for similar items in EconPapers)
Pages: 41
Date: 2005-09-01
New Economics Papers: this item is included in nep-hrm, nep-ino and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvec:2005046

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