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The neoclassical growth model was extended by Mankiw, Romer and Weil (1992) to estimate the level effects of additional … factors like human capital. We suggest a further extension to capture their permanent growth effects. Time series data from … Fiji are used to show that the growth effect of human capital, although small, is significant. Furthermore, in our sample …
Persistent link: https://www.econbiz.de/10015221097
The explanation and causes of economic growth, the problem of convergence of per capita income among different … economies, the low productivity growth in many advanced economies, and the presence of disrupting technological innovations … remain at th e center of the debate among economists. The present contribution analyzes the endogenous growth theory of Paul …
Persistent link: https://www.econbiz.de/10015266178
This study summarizes the main conclusions from a systematic review of the empirical literature regarding the impact on firms of the use of knowledge providers, including universities, technology institutes or knowledge intensive business firms. We use a criteria to classify the literature...
Persistent link: https://www.econbiz.de/10015233565
Information and communication technologies are one of the most pervasive technologies in the world, second only to …; the growth and development of such an economy; and its ability to affect the course of events(such as ICT revolution …
Persistent link: https://www.econbiz.de/10015264559
This study summarizes the main conclusions from a systematic review of the empirical literature regarding the impact on firms of the use of knowledge providers (universities, research institutes and knowledge intensive business services). With the aim to organize the literature, we classify the...
Persistent link: https://www.econbiz.de/10015237407
In this paper I will examine the growth models of Romer (1986) and Lucas (1988) which constitute an important first … core to the endogenous growth theory, in order to understand the characteristics, to highlight the relationship between … knowledge and economic growth and / or emphasize the importance of human capital in the growth process. These models take …
Persistent link: https://www.econbiz.de/10015240230
The interrelation research-development-innovation has proved crucial for raising the economic competitiveness. The comparative analysis of Romania’competitiveness in the global and European context highlights significant gaps as compared with advanced countries, mainly in R&D intensity,...
Persistent link: https://www.econbiz.de/10015240625
This paper examines the governance-“education quality” nexus in a panel of 49 sub-Saharan African countries over the period 2000-2012. Ordinary Least Squares (OLS) and Quantile regression (QR) are employed as estimation strategies. The following findings are established. First, from the OLS,...
Persistent link: https://www.econbiz.de/10015241523
Nowadays the digitalization of all aspects of our lives is becoming more and more general. This pattern is also true in case of modern institutions of higher education. In case of the operation of universities, we can identify a shift towards a growingly increasing approach, which is proactive...
Persistent link: https://www.econbiz.de/10015255168
Many successful examples prove that universities can have a significant role in the enhancement of their regions. Modern economic development demands that due to increased committment to the needs of society and economy, the main traditional activities of universities (education and research)...
Persistent link: https://www.econbiz.de/10015255235