Complementary Relationships between Education and Innovation

Katsuhiko Hori and Katsunori Yamada
Authors registered in the RePEc Author Service: 堀 勝彦 (khori@ll.u-ryukyu.ac.jp)

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

Abstract: This paper combines two prototype endogenous growth models: the Schumpeterian endogenous growth model developed by [Howitt(1999)] and human capital growth models developed by [Uzawa(1965)] - [Lucas(1988)]. While standard Schumpeterian growth models suggest that a subsidy to R&D has long-run effects, we show that a subsidy to human capital investment has a positive impact on R&D efforts as well as on human capital accumulation. Because in our model, the per capita output growth rate depends on both technology improvements and human capital accumulation, the model bridges the gap between the literature concerning Schumpeterian growth model and that concerning growth empirics.

Date: 2009-02
New Economics Papers: this item is included in nep-dev, nep-dge, nep-edu and nep-hrm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/DP0731.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0731

Access Statistics for this paper

More papers in ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka Contact information at EDIRC.
Bibliographic data for series maintained by Librarian (library@iser.osaka-u.ac.jp).