The Skill Premium and Economic Growth with Costly Investment, Complementarities and International Technological-Knowledge Diffusion

• Tipo: Artigo em Revista Científica Internacional
• Data: 2014

Autores

Óscar Afonso (Autor) FEP; Pedro Neves (Autor) FEP; Maria Thompson (Autor) Outra

Revista

Título: Journal of International Trade and Economic Development

ISSN: 0963-8199

Editora: Taylor & Francis

Indexação

ISI Web of Knowledge - 2 Citações

ISI Web of Science

Scopus - 2 Citações

Econlit

Classificação Científica

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-009-PZC

DOI: 10.1080/09638199.2010.544395

Abstract (EN): We analyse the skill premium and the growth rate in an innovator-imitator general equilibrium growth model assuming (i) internal costly investment in both physical capital and R&D, (ii) complementarities between intermediate goods in production and (iii) technological-knowledge diffusion. We find that in the imitator country these three elements influence the economic growth rate and the skill premium. In the innovator country, while the growth rate is affected by costly investment and complementarities, the skill premium is not affected by any of our assumptions. It depends solely on the productive advantage of high-skilled over low-skilled labour, which suggests that the sustained increase in the skill premium observed in several developed countries over the last three decades may have been due to increases in such productive advantage.

Idioma: Inglês

Tipo (Avaliação Docente): Científica