The skill premium and economic growth with costly investment, complementarities and international trade of intermediate goods

• Tipo: Artigo em Revista Científica Internacional
• Data: 2016-03-30

Autores

Óscar Afonso (Autor) FEP; Neves, PC (Autor) Outra; Maria Thompson (Autor) Outra

Revista

Título: Japan and the World Economy

Vol. 37-38

Páginas: 73-86

ISSN: 0922-1425

Editora: Elsevier

Indexação

ISI Web of Knowledge - 2 Citações

ISI Web of Science

Scopus - 2 Citações

Classificação Científica

CORDIS: Ciências Sociais > Economia

FOS: Ciências sociais > Economia e gestão

Outras Informações

ID Authenticus: P-00K-K60

DOI: 10.1016/j.japwor.2016.04.002

Abstract (EN): We analyse the behaviour of the skill premium and the growth rate in an innovator-imitator general equilibrium growth model with international trade of intermediate goods, internal costly investment in both physical capital and R&D, and complementarities between intermediate goods in production. We find that, as opposed to the growth rate, the skill premium is not affected by the complementarities degree nor the investment cost, in any of the countries. We also conclude that, in line with related empirical literature, openness to trade leads to an increase in the skill premium in both countries, while the sign of its impact on the growth rate depends on the magnitude of its counteracting determinants.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 14