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Skill gaps: existence and efficiency
Fernando Pueyo,Marcos Sanso +1 more
TL;DR: In this article, the authors present a model in which the simple absence of such a skill gap can be inefficient, but they are not necessarily inefficient, and in this paper, they present a new model that is based on the same assumption.
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Abstract: Given the interdependences between human capital accumulation and technological change, skill gaps may arise in equilibrium. However, they are not necessarily inefficient, and in this paper we present a model in which the simple absence of such a skill gap can be inefficient.
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Citations
The Impacts of Chinese FDI and China–Africa Trade on Economic Growth of African Countries: The Role of Institutional Quality
TL;DR: In this paper, the authors examined the impacts of the China-Africa trade and Chinese foreign direct investment (FDI) on the growth of African countries controlling the mediating role of institutional quality.
36
Impact of macroeconomic, governance and risk factors on FDI intensity: An empirical analysis
K. S. Sujit,B. Rajesh Kumar,Sarbjit Singh Oberoi +2 more
- 02 Dec 2020
TL;DR: In this paper, the impact of macroeconomic, governance and risk factors on foreign direct investment (FDI) intensity with respect to the US market during the period 1960-2019 was analyzed.
9
References
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
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The mechanics of economic development
Robert E. Lucas
- 01 Jan 1988
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
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A Contribution to the Empirics of Economic Growth
TL;DR: The authors examined whether the Solow growth model is consistent with the international variation in the standard of living, and they showed that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data.
Endogenous Technological Change
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
The role of human capital in economic development Evidence from aggregate cross-country data
Jess Benhabib,Mark M. Spiegel +1 more
TL;DR: This article used cross-country estimates of physical and human capital stocks to run the growth accounting regressions implied by a CobbPDouglas aggregate production function and found that human capital enters insignificantly in explaining per capita growth rates.
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