Human Capital and R&D Activities in a Schumpeterian Endogenous Growth Model.

This paper is an extension of the Aghion and Howitt's model (1992). The new feature is that the qualification of the skilled labor force depends on the technology level in the economy. On the other hand, the R&D effort made in the economy depends upon the research sector's expectations about the "productive capabilities" of the skilled labor in using the new technology, which affects the price of the patent.

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Year of publication:	1997
Authors:	Iza, A
Institutions:	Association of Southern European Economic Theorists - ASSET
Subject:	ECONOMIC GROWTH \| RESEARCH AND DEVELOPMENT \| HUMAN CAPITAL \| TECHNOLOGY

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Series:	ASSET - Instituto De Economia Publica.
Type of publication:	Book / Working Paper
Notes:	4 pages
Classification:	O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005609603