R&D subsidies as well as tariffs/export subsidies are often argued to promote economic growth. This paper investigates such unterventions in a model of endogenous growth in which (a) skills are acquired through time spent in learning and 8b) the engine of long-run growth is market-driven R&D...

The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is below a threshold level, the model predicts that skills are accumulated as the only growth-generating activity, whereas both innovation activities and learning drive growth...

The role of the education in economic development is addressed in an endogenous growth model with R&D. When human capital is below a threshold level, the model predicts that it is optimal to accumulate skills as the only growth generating activity, whereas both innovation activities and...

This paper investigates the magnitude of the mismeasurement that occurs when only a few education categories are used in the construction of a constant quality index for labor input. By employing a very comprehensive data set it is found that the error resulting from the omission of information...