Quality of Life and the Geography of Human Capital

Ronney Aamoucke
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Ronney Aamoucke: GSBC EIC “The Economics of Innovative Change”

Chapter Chapter 4 in Innovative Start-Ups and the Distribution of Human Capital, 2016, pp 79-117 from Springer

Abstract: Abstract There is a general consensus in the literature, rooted in the relationship between knowledge and economic growth (Nelson and Phelps 1966; Romer 1986, 1990; Lucas 1988; Benhabib and Spiegel 1994, 2005; Glaeser et al. 2004), that human capital, especially in the form of highly educated people, has a positive effect on regional development (Glaeser et al. 1995; Simon 1998; Moretti 2004a). Highly educated people not only have—by definition—more knowledge, but often are also possessed of the ability to absorb additional knowledge and even generate new knowledge (Schultz 1961; Becker 1962, 1964; Mincer 1958, 1974). These people tend to be highly productive and are disproportionately found to be involved in innovation processes. Moreover, they often have a relatively high propensity to set up high-quality new firms (Acs and Armington 2004, 2006; Lee et al. 2004, 2010; Qian and Acs 2011; Qian et al. 2013).

Keywords: Human Capital; Total Effect; Political Participation; Public Spending; Consumer Service (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-319-44462-8_4

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