HUMAN CAPITAL AND THE WORLD TECHNOLOGY FRONTIER

• 成果类型: Article
• 署名作者: Madsen, Jakob B.
• 署名单位: Monash University
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00381
• 发表日期: 2014-10
• 页码: 676-692
• 关键词: research-and-development; endogenous growth; malthusian stagnation; education; PRODUCTIVITY; CONVERGENCE; population; diffusion; KNOWLEDGE; distance

摘要

This paper examines the productivity growth effects of educational attainment and its interaction with the distance to the world technology frontier, which is the percentage distance to the country with the highest total factor productivity (TIP) (the United Kingdom or United States), while allowing for the endogeneity of educational attainment in some of the estimates. For this purpose, a new annual data set for educational attainment is constructed for 21 industrialized countries over the period from 1870 to 2009. The results show that changes in educational attainment and the interaction between education and the distance to the frontier, as predicted by Schumpeterian growth theory, have been influential for productivity growth over the past 140 years.