English, Article, Journal or magazine article edition: When Romer meets Lucas: On human capital, imperfect competition and growth Alberto Bucci

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Bookmark: http://trove.nla.gov.au/version/58732
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • When Romer meets Lucas: On human capital, imperfect competition and growth
Author
  • Alberto Bucci
Physical Description
  • preprint
Notes
  • This paper studies the economic determinants of the inter-sectoral allocation of skills within an R&​Dbased growth model with human capital accumulation. I find that steady-state growth is driven only by incentives to accumulate skills and is independent of scale effects. In the model imperfect competition has a positive growth effect, while influencing the allocation of human capital to the different economic activities. Contrary to general wisdom, the share of resources invested in R&​D turns out not to be monotonically increasing in the equilibrium output growth rate and the market power enjoyed by producers of technologically advanced goods.
  • Endogenous Growth, Human Capital, R&​D
  • RePEc:mil:wpdepa:2002-06
Language
  • English
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