Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153057
Authors: 
Ciccone, Antonio
Papaioannou, Elias
Year of Publication: 
2006
Series/Report no.: 
ECB Working Paper 623
Abstract: 
Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970’s. High human capital levels should therefore have translated into fast growth in more compared to less human-capital-intensive industries in the 1980’s. Theories of international specialization point to human capital accumulation as another important determinant of growth in human-capital-intensive industries. Using data for a large sample of countries, we find significant positive effects of human capital levels and human capital accumulation on output and employment growth in human-capitalintensive industries.
Subjects: 
Growth
Human capital
structure of production
JEL: 
E13
F11
O11
Document Type: 
Working Paper

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