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Specific and General Human Capital in an Endogenous Growth Model

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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.

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JERBASHIAN, Vahagn, SLOBODYAN, Sergey, VOURVACHAKI, Evangelia. Specific and General Human Capital in an Endogenous Growth Model. _Eastern European Economics_. 2015. Vol. 53, núm. 3, pàgs. 167-204. [consulta: 28 de gener de 2026]. ISSN: 0012-8775. [Disponible a: https://hdl.handle.net/2445/110832]

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