Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/110832
Title: | Specific and General Human Capital in an Endogenous Growth Model |
Author: | Jerbashian, Vahagn Slobodyan, Sergey Vourvachaki, Evangelia |
Keywords: | Recursos humans Creixement econòmic Política educativa Human capital Economic growth Educational policy |
Issue Date: | 2015 |
Publisher: | Taylor and Francis |
Abstract: | In this article, we define specific (general) human capital in terms of the occupations whose use is spread in a limited (wide) set of industries. We analyze the growth impact of an economy's composition of specific and general human capital, in a model where education and research and development are costly and complementary activities. The model suggests that a declining share of specific human capital, as observed in the Czech Republic, can be associated with a lower rate of long-term growth. We also discuss optimal educational policies in the presence of market frictions. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1080/00128775.2015.1033263 |
It is part of: | Eastern European Economics, 2015, vol. 53, num. 3, p. 167-204 |
URI: | http://hdl.handle.net/2445/110832 |
Related resource: | https://doi.org/10.1080/00128775.2015.1033263 |
ISSN: | 0012-8775 |
Appears in Collections: | Articles publicats en revistes (Economia) |
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658000.pdf | 673.17 kB | Adobe PDF | View/Open |
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