Economic growth, the high-tech sector, and the high skilled: Theory and quantitative implications

• Tipo: Artigo em Revista Científica Internacional
• Data: 2019

Autores

Pedro Rui Mazeda Gil (Autor) FEP; Óscar Afonso (Autor) FEP; Brito, P (Autor) Outra

Revista

Título: Structural Change and Economic Dynamics

Vol. 51

Páginas: 89-105

ISSN: 0954-349X

Editora: Elsevier

Indexação

ISI Web of Knowledge - 11 Citações

Scopus - 11 Citações

Outras Informações

ID Authenticus: P-00Q-YFY

DOI: 10.1016/j.strueco.2019.07.003

Abstract (EN): Europe's "2020 Strategy" has the main goal of stimulating economic growth by increasing the weight of the high-tech sector and the share of high-skilled workers. However, cross-country European data suggests the relationship between economic growth and both the technology structure and the skill structure is statistically insignificant. We investigate an analytical mechanism that connects these facts by extending a directed-technical-change growth model and taking it to the data. Under high relative barriers to entry into the high-tech sector and scale effects we replicate the empirical relationships. We derive quantitative policy implications on the effects of a reduction of barriers to entry.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 17