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Technological Leadership, Human Capital and Economic Growth: a Spatial Econometric Analysis for US Counties, 1969-2003

Valerien Pede (), Raymond Florax and Henri de Groot ()

Annals of Economics and Statistics, 2007, issue 87-88, 103-124

Abstract: This paper uses exploratory and spatial econometric data analysis techniques to investigate the role of space, technological leadership, and human capital for the growth of U.S. counties. We investigate a simple neoclassical-inspired growth model and compare it to a spatial version of an endogenous growth model allowing for "domestic" investment in human capital and catch-up to the technology leader, and find that human capital strongly contributes to growth in a neoclassical setting, but much less so in an endogenous setting. In the latter, the catch-up term and physical capital dominate in comparison to "domestic" human capital effects.

Date: 2007
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Related works:
Working Paper: TECHNOLOGICAL LEADERSHIP, HUMAN CAPITAL AND ECONOMIC GROWTH: A SPATIAL ECONOMETRIC ANALYSIS FOR U.S. COUNTIES, 1969-2003* (2006) Downloads
Working Paper: Technological Leadership, Human Capital and Economic Growth: A Spatial Econometric Analysis for U.S. Counties, 1969-2003 (2006) Downloads
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