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Growth with technical change and human capital: transition dynamics versus steady state predictions
(1999)
Documento de trabajo / Lan gaiak,
This paper studies the steady-state and transitional dynamics predictions of an R&D-based growth model and evaluates their performance in explaining income disparities across countries. We fnd that even though steady-state ...
Matching up the data on education with economic growth models
(1999)
Documento de trabajo / Lan gaiak,
The growth literature has not yet established how data on education should be introduced in theories involving human capital. Early work used enrolment rates as a proxy of human capital whereas more recently it has utilized ...