Extending the Kim (1989) model of endogenous labor specialization to an overlapping generations model with an endogenous technology choice, we show in this paper that, when the market size and the fixed costs associated with the technologies with labor specialization are small, the growth...

This paper demonstrates the negative effects of positive international knowledge spillovers on economic growth. In other words, we obtain the possibility that educational investment for human capital is crowded out under global economic growth. To this end, we assume the phenomenon of...

Several empirical studies suggest that advanced economies experience a growth regime switch from factor accumulation to knowledge accumulation. To investigate the mechanism of such a regime switch, this study develops a concise and flexible dynamic model based on Romer (J Polit Econ...