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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:
It is part of: Eastern European Economics, 2015, vol. 53, num. 3, p. 167-204
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ISSN: 0012-8775
Appears in Collections:Articles publicats en revistes (Economia)

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