Determinants of growth and convergence in a growing economy with heterogeneous entrepreneurs

Dirk Dohse and Ingrid Ott

No 1467, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two different skills (technological and systemic skills) and we are able to show that it is not only the absolute skill level but also the aggregate distribution of different skills that drives growth and convergence of an economy towards the world technology frontier.

Keywords: Growth; skills; innovation; selection; distance to frontier (search for similar items in EconPapers)
JEL-codes: J24 L26 O31 O33 O38 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1467

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