Human Capital, R&D and Economic Growth

Anna Sjögren

No 238, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: People go to school and firms do R&D. These activities result in human capital accumulation and new ideas and technologies which make economies grow. We try to capture the interaction between human capital and R&D by allowing for endogenous human capital accumulation in an economy where the number of products and technologies expands because profit maximizing entrepreneurs do R&D. We find that, in the absence of scale effects, long run growth is determined by the capacity to accumulate human capital. A relative lack of R&D capital causes the economy to grow slowly during its transition to the steady state, while a relative abundance of R&D capital gives high growth rates during transition.

Keywords: human capital; R&D; endogenous growth; scale effects; transitional dynamics (search for similar items in EconPapers)
JEL-codes: J24 O31 O41 (search for similar items in EconPapers)
Pages: 47 pages
Date: 1998-05-28
New Economics Papers: this item is included in nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://swopec.hhs.se/hastef/papers/hastef0238.pdf.zip (application/pdf)
http://swopec.hhs.se/hastef/papers/hastef0238.pdf (application/pdf)
http://swopec.hhs.se/hastef/papers/hastef0238.ps.zip (application/postscript)
http://swopec.hhs.se/hastef/papers/hastef0238.ps (application/postscript)

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:hhs:hastef:0238

Access Statistics for this paper

More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Helena Lundin ().