Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
The Economic Research Institute, Stockholm School of Economics SSE/EFI Working Paper Series in Economics and Finance

No 238:
Human Capital, R&D and Economic Growth

Anna Sjögren ()

Abstract: People go to school and firms do R&D. These activities result in human capital accumulation and new ideas and technologies which make economies grow. We try to capture the interaction between human capital and R&D by allowing for endogenous human capital accumulation in an economy where the number of products and technologies expands because profit maximizing entrepreneurs do R&D. We find that, in the absence of scale effects, long run growth is determined by the capacity to accumulate human capital. A relative lack of R&D capital causes the economy to grow slowly during its transition to the steady state, while a relative abundance of R&D capital gives high growth rates during transition.

Keywords: human capital; R&D; endogenous growth; scale effects; transitional dynamics; (follow links to similar papers)

JEL-Codes: J24; O31; O41; (follow links to similar papers)

47 pages, May 28, 1998

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

hastef0238.pdf.zip    PDF-file (zipped) (166kB) 
hastef0238.pdf    PDF-file (195kB) 
hastef0238.ps.zip    PKZipped PostScript (194kB) 
hastef0238.ps    PostScript file (1.35MB) 
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Helena Lundin ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:hastef:0238 This page was generated on 2014-12-14 19:22:55