'Intelligent' vs Human Capital in the Endogenous/Exogenous Growth Debate

Alessandro Acquisti and Mario Baldassarri
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Mario Baldassarri: Postal: Department of Economics, Trinity College, Dublin 2, Ireland

Economics Technical Papers from Trinity College Dublin, Economics Department

Abstract: We present a model of growth à la Lucas with two 'competing' factors. The first needs to allocate its time between production, accumulation and a non productive activity (rest or leisure). The second can devote its time simply to production and accumulation. The two factors can generate harmful 'competition' and produce exogenous, endogenous growth, or economic implosion. The first factor can be identified as individual human capital and the second as IT related 'intelligent capital' - physical capital which incorporates the human capital of a person rather than her labour surplus.

JEL-codes: O15 O33 O41 (search for similar items in EconPapers)
Date: 1998-07
New Economics Papers: this item is included in nep-evo, nep-gth and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduet:9819

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