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In this paper, we study human capital effects on economic growth of Portugal from 1960 to 2001. By using VAR and … cointegration analyses, we obtain 0.42 long-run estimate for human capital elasticity, 0.30 long-run estimate for internal knowledge … between human capital and innovation capability. These estimates seem to confirm that human capital and indigenous innovation …
Persistent link: https://www.econbiz.de/10005059562
How much would output increase if underdeveloped economies were to increase their levels of schooling? We contribute to the development accounting literature by describing a nonparametric upper bound on the increase in output that can be generated by more schooling. The advantage of our approach...
Persistent link: https://www.econbiz.de/10009368611
Using a model of wage determination developed by Stevens (2003) we offer an explanation of why tenure has a negative effect when entered in job satisfaction equations. If job satisfaction measures match quality, then the explanation follows from a model of the labour market in which workers...
Persistent link: https://www.econbiz.de/10010553356
. New evidence is provided, based on a comprehensive, large-scale survey of technology-based firms located in Portugal … development for an economy like Portugal (lagging behind in terms of human capital stock, and seeming to have lost part of its …
Persistent link: https://www.econbiz.de/10004970057
-scale survey of firms located in Portugal, and controlling for firms’ structural (i.e. size, age and industry), strategic (R&D and …
Persistent link: https://www.econbiz.de/10005031564
yet to be dealt with appropriately and in a credible way. This shortcoming is particularly acute in Portugal where …
Persistent link: https://www.econbiz.de/10005059490
an increasingly knowledge based economy and an important lever of social cohesion policy. However, existing studies …
Persistent link: https://www.econbiz.de/10005059495
Labor market institutions, via their effect on the wage structure, affect the investmentdecisions of firms in labor markets with frictions. This observation helps explain rising wageinequality in the US, but a relatively stable wage structure in Europe in the 1980s. Thesedifferent trends are the...
Persistent link: https://www.econbiz.de/10005670541