Human capital composition and long-run economic growth
Carillo, Mario Francesco (Universitat Pompeu Fabra)

Date:	2024
Abstract:	This study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results in a trade-off between innovation and technology adoption. While highly educated individuals drive technological innovation, a workforce without adequate education can hinder technology adoption, thereby delaying the transition from stagnation to growth. Moreover, technology adoption complements technological progress especially in the modern era, when innovations are more challenging to adopt, thereby enhancing economic growth. This study provides empirical evidence to support the theoretical predictions. Overall, the findings form the basis for future studies on the critical role of human capital composition in economic development and offer novel insights for shaping education reforms at different stages of development.
Grants:	European Commission 803506
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Language:	Anglès
Document:	Article ; recerca ; Versió publicada
Subject:	Economic growth ; Human capital composition ; Demographic transition ; Long-run development ; SDG 8 - Decent Work and Economic Growth
Published in:	Economic modelling, Vol. 137 (2024) , p. 106760, ISSN 1873-6122

DOI: 10.1016/j.econmod.2024.106760

11 p, 934.4 KB

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