Afonso, Óscar; Thompson, Maria - In: Economic Modelling 28 (2011) 5, pp. 2254-2262
We propose a new framework to analyse the relationship between the relative high-skilled labour endowment, the skill premium and economic growth. Building on Acemoglu and Zilibotti (2001), we introduce physical capital; internal costly investment in both capital and R&D; and complementarities...