Human capital, the structure of production, and growth

Elias Papaioannou and Antonio Ciccone

No 623, Working Paper Series from European Central Bank

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-labor 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-capitalintensive industries. JEL Classification: E13, F11, O11

Keywords: growth; human capital; structure of production (search for similar items in EconPapers)
Date: 2006-05
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Citations: View citations in EconPapers (22)

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Related works:
Working Paper: Human Capital, the Structure of Production, and Growth (2005)
Working Paper: Human Capital, the Structure of Production, and Growth (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:2006623

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