Human Capital, Investment and Innovation: What Are the Connections?

Stephen Nickell and Daphne Nicolitsas

Working Papers from Centre for Economic Performance & Institute of Economics

Abstract: Fingold and Soskice (1988) argue that Britain is trapped in a "low-skills" equilibrium. In Redding (1996), this notion is formalized in a dynamic model which relies on strategic complementarities between firms' investments in R&D and workers' investments in human capital. In this paper, we investigate the firms' side of the story, notably wheher their investments in fixed capital and R&D are influenced by the avilability of human capital.

Keywords: HUMAN CAPITAL; RESEARCH AND DEVELOPMENT (search for similar items in EconPapers)
JEL-codes: J24 O32 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1997
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Citations: View citations in EconPapers (9)

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Working Paper: Human Capital Investment and Innovation: What Are The Connections? (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:cepies:20

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