Human capital accumulation in R&D-based growth models

► The model presented reproduces the essential aspects of the recent ICT-economy. ► Endogenous growth theory framework with central role of human capital accumulation. ► Productivity of schooling affects growth, productivities of other sectors do not. ► Study of the reaction of the economy to shocks, comparison with empirical evidence. ► Interaction between ICT and human capital is a driver of recent economic growth.