GROWTH AND CONVERGENCE WHEN TECHNOLOGY AND HUMAN CAPITAL ARE COMPLEMENTS

被引:1
|
作者
Pollak, Andreas [1 ]
机构
[1] Univ Saskatchewan, Dept Econ, Saskatoon, SK S7N 5A5, Canada
关键词
RESEARCH-AND-DEVELOPMENT; SKILL COMPLEMENTARITY; ECONOMIC-DEVELOPMENT; INTERNATIONAL-TRADE; MODEL; FRONTIER; EXTERNALITIES; PRODUCTIVITY; INEQUALITY; INNOVATION;
D O I
10.1111/j.1465-7295.2012.00454.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article presents a model of endogenous growth, in which a firm's technology and a country's human capital stock are complementary in the production of output. Production technologies are created by costly research and development (R&D) and are owned by firms that can freely choose where in the world to produce. Both production and R&D have a positive effect on a country's human capital stock. While all countries typically grow at the same rate in the long run, they differ in their levels of human capital, per capita output, and the quality of the technologies that are used in production. A country's relative position in terms of productivity is history dependent. Countries that start out with a lower human capital stock or industrialize later end up with a lower per capita GDP in long-term equilibrium. (JEL O4, O33, O47)
引用
收藏
页码:31 / 45
页数:15
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