Jerbashian, VahagnSlobodyan, SergeyVourvachaki, Evangelia2017-05-112017-07-0120150012-8775https://hdl.handle.net/2445/110832In 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.38 p.application/pdfeng(c) Taylor and Francis, 2015Recursos humansCreixement econòmicPolítica educativaHuman capitalEconomic growthEducational policyinfo:eu-repo/semantics/article6580002017-05-11info:eu-repo/semantics/openAccess