Human Capital and Adoption of Innovations: Policy Implications

Wallace Huffman

Applied Economic Perspectives and Policy, 2020, vol. 42, issue 1, 92-99

Abstract: New technologies are made possible by public and private R&D. Investments in education increase skills for decision making—denoted as allocative efficiency. In an environment with dynamic technology, farmers with more education are better able to make technology adoption decisions in a dynamic economic and technical environment. Societies have developed institutions and policies for sharing the costs of education and obtaining the benefits.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:wly:apecpp:v:42:y:2020:i:1:p:92-99

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