Human Capital and R&D Activities in a Schumpeterian Endogenous Growth Model

Amaia Iza

ASSET - Instituto De Economia Publica from ASSET (Association of Southern European Economic Theorists)

Abstract: This paper is an extension of the Aghion and Howitt's model (1992). The new feature is that the qualification of the skilled labor force depends on the technology level in the economy. On the other hand, the R&D effort made in the economy depends upon the research sector's expectations about the "productive capabilities" of the skilled labor in using the new technology, which affects the price of the patent.

Keywords: ECONOMIC GROWTH; RESEARCH AND DEVELOPMENT; HUMAN CAPITAL; TECHNOLOGY (search for similar items in EconPapers)
JEL-codes: O40 (search for similar items in EconPapers)
Pages: 4 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:inecpu:150

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