Human Capital, The Structure Of Production, And Growth
- Topics:
- Organization
- Source:
- European Central Bank
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Overview: Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970's. High human capital levels should therefore have translated into fast growth in more compared to less human-capital-intensive industries in the 1980's. Theories of international specialization point to human capital accumulation as another important determinant of growth in human-capital-intensive industries. Using data for a large sample of countries, it was found that significant positive effects of human capital levels and human capital accumulation on output and employment growth in human-capital-intensive industries.
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Format: PDF | Size: 809KB | Date: May 2006 | Pages: 61






