Human capital, the structure of production, and growth

Arbeitspapier

Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970’s. High human capital levels should therefore have translated into fast growth in more compared to less human-capital-intensive industries in the 1980’s. Theories of international specialization point to human capital accumulation as another important determinant of growth in human-capital-intensive industries. Using data for a large sample of countries, we find significant positive effects of human capital levels and human capital accumulation on output and employment growth in human-capitalintensive industries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Working Paper ; No. 623

Classification and Topics

• Classification: Wirtschaft ; General Aggregative Models: Neoclassical ; Neoclassical Models of Trade ; Macroeconomic Analyses of Economic Development
• Subject: Growth ; Human capital ; structure of production ; Humankapital ; Internationale Arbeitsteilung ; Wirtschaftswachstum ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ciccone, Antonio ; Papaioannou, Elias
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/153057
• Last update: 10.03.2025, 11:44 AM CET