کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5067451 1372596 2010 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Phases of economic development and the transitional dynamics of an innovation-education growth model
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Phases of economic development and the transitional dynamics of an innovation-education growth model
چکیده انگلیسی
This paper extends earlier analysis of the transitional dynamics of a growth model in which both human capital and innovation drive income expansion. Funke and Strulik [2000. On endogenous growth with physical capital, human capital and product variety. European Economic Review 44, 491-515] suggest that the typical advanced economy follows three development phases, characterized in a temporal order by physical capital accumulation, human capital formation, and innovation, and that the transitional dynamics of the model reproduce such a sequencing. I argue that other sequences of the phases of development are possible and show that the model can generate a trajectory in which innovation precedes human capital formation. This trajectory accords with the observation that the rise in formal education followed with a considerable lag the process of industrialization. U.S. income and educational time series data are used to corroborate the innovation-education trajectory.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 54, Issue 2, February 2010, Pages 317-330
نویسندگان
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