scholarly journals Facts and distortions in an endogenous growth model with physical capital, human capital and varieties

2012 ◽  
Vol 11 (3) ◽  
pp. 171-188
Author(s):  
Tiago Neves Sequeira
Keyword(s):  
Human Capital ◽  
Endogenous Growth ◽  
Growth Model ◽  
Physical Capital ◽  
Endogenous Growth Model

scholarly journals SOCIAL CAPITAL AND INVESTMENT IN R&D: NEW EXTERNALITIES

2013 ◽  
Vol 14 (1) ◽  
pp. 77-97 ◽  
Author(s):  
Tiago Neves Sequeira ◽  
Alexandra Ferreira-Lopes
Keyword(s):  
Social Capital ◽  
Human Capital ◽  
Research And Development ◽  
Endogenous Growth ◽  
Growth Model ◽  
Physical Capital ◽  
Efficient Solutions ◽  
Social Planner ◽  
Research Networks ◽  
Endogenous Growth Model

We introduce social capital in an endogenous growth model with physical capital, human capital, and research and development (R&D), and we compare the market with the efficient solutions. As social capital is not tradable in the market and since it favours research networks, it introduces new externalities in this framework. These externalities induce the market to invest less in social capital than would a social planner and decrease the tendency to underinvestment in R&D. We quantify the distortions in the model. In some conditions, the new distortions are strong enough to overcome the usual result of underinvestment in R&D.

scholarly journals Factor accumulation and economic growth in Pakistan: incorporating human capital

2018 ◽  
Vol 45 (3) ◽  
pp. 480-491 ◽  
Author(s):  
Kashif Munir ◽  
Shahzad Arshad
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Human Capital ◽  
Endogenous Growth ◽  
Growth Model ◽  
Physical Capital ◽  
Content Type ◽  
Long Run ◽  
Endogenous Growth Model ◽  
Factor Accumulation

Purpose The purpose of this paper is to examine the long-run and short-run relationship between factor accumulation (i.e. physical capital and human capital) and economic growth by calculating the stocks of human capital and real physical capital. Design/methodology/approach The study uses endogenous growth model, where GDP per worker is the dependent variable and factor accumulation (real physical capital per worker and human capital) is the explanatory variable under the autoregressive distributive lag framework from 1973 to 2014 for Pakistan. Findings The results suggest that there is a long-run relationship between factor accumulation and GDP per worker in Pakistan. Findings of the study are consistent with the endogenous growth model suggesting that accumulation of human capital increases labor productivity, employment level and per capita income, and causes economic growth. Practical implications Developing countries like Pakistan should increase share of human capital for economic development. Government should invest in the education sector because investment in human capital has a large potential of productivity growth and welfare increase in developing countries. Originality/value This study challenges the notion of human capital and real physical capital stock used by different researchers. Considering human capital as a core factor of production, a series of human capital as average year of schooling is calculated by utilizing the perpetual inventory method.

A NOTE ON R&D SPILLOVERS IN AN ENDOGENOUS GROWTH MODEL WITH PHYSICAL CAPITAL, HUMAN CAPITAL, AND VARIETIES

2011 ◽  
Vol 16 (4) ◽  
pp. 657-659 ◽  
Author(s):  
Manuel A. Gómez ◽  
Tiago Neves Sequeira
Keyword(s):  
Human Capital ◽  
Endogenous Growth ◽  
Growth Model ◽  
Physical Capital ◽  
Sufficient Condition ◽  
Macroeconomic Dynamics ◽  
Endogenous Growth Model

This note shows that Lemma 3 in the paper by Tiago N. Sequeira [R&D spillovers in an endogenous growth model with physical capital, human capital and varieties, Macroeconomic Dynamics (2011)] is insufficient to guarantee stability and provides an alternative sufficient condition for stability.

scholarly journals PHASES OF ECONOMIC DEVELOPMENT IN AN ENDOGENOUS GROWTH MODEL WITH INNOVATION AND EDUCATION

2021 ◽  
pp. 78-87
Author(s):  
Ibtissem Aribi ◽  
Lobna Ben Hassen
Keyword(s):  
Human Capital ◽  
Endogenous Growth ◽  
Growth Model ◽  
Capital Accumulation ◽  
Physical Capital ◽  
Third Phase ◽  
Long Run ◽  
Support For Innovation ◽  
Endogenous Growth Model ◽  
Main Engine

This paper analyzes the transitional dynamics of an endogenous growth model with physical capital, human capital and R&D in which both human capital and innovation drives long run growth. The model suggests that the developing economy follows different stages of development. The first phase is characterized by physical capital accumulation. At the second stage, human capital accumulation represents the main engine of long run growth. The third phase is identified by an increasing variety of intermediate good originating from innovation. However, innovation is not assured for poor economies. In this case, permanent support for innovation can lead a sustainable exit from poverty trap.

ENDOGENOUS GROWTH MODEL WITH HUMAN CAPITAL ON THE CIRCLE

2020 ◽  
pp. 4-9
Author(s):  
А.В. Королев
Keyword(s):  
Human Capital ◽  
Spatial Structure ◽  
Endogenous Growth ◽  
Explicit Form ◽  
Growth Model ◽  
Main Attention ◽  
Endogenous Growth Model ◽  
Central Plan ◽  
Special Case

В статье рассматривается модель эндогенного роста с человеческим капи-талом на простой пространственной структуре (окружности). Особое вни-мание уделено специальному случаю - комбинации параметров, при кото-рой удаётся получить решение задачи центрального планировщика на окружности в явном виде, что другим авторам не удавалось. In this article the endogenous growth model with human capital on the simple spatial structure (the circle) is considered. We pay main attention to a special case of a combination of parameters for which we were able to solve the central plan-ner problem on the circle in an explicit form, which other authors did not suc-ceed to do.

scholarly journals Specific and General Human Capital in an Endogenous Growth Model

2015 ◽  
Vol 53 (3) ◽  
pp. 167-204 ◽  
Author(s):  
Vahagn Jerbashian ◽  
Sergey Slobodyan ◽  
Evangelia Vourvachaki
Keyword(s):  
Human Capital ◽  
Endogenous Growth ◽  
Growth Model ◽  
Endogenous Growth Model ◽  
General Human Capital
Sign in / Sign up

Export Citation Format

Share Document