Research, Development and Human Capital Accumulation

Posted: 17 Dec 1999

See all articles by Keith Blackburn

Keith Blackburn

University of Manchester - School of Social Sciences

Victor T. Y. Hung

City University of Hong Kong (CityUHK) - Department of Economics & Finance

Alberto F. Pozzolo

Università degli Studi di Roma Tre

Abstract

We develop an endogenous growth model that integrates research and development (R&D) with human capital accumulation. Given decreasing returns to scale, together with a threshold constraint on human capital, in R&D, steady-state growth is determined solely by preferences and human capital technology; it is independent of research activity which, itself, is driven by human capital accumulation. In accordance with recent empirical evidence, the model implies that long-run growth is both independent of scale effects and invariant to a wide range of policies.

JEL Classification: O32, O33

Suggested Citation

Blackburn, Keith and Hung, Victor T. Y. and Pozzolo, Alberto F., Research, Development and Human Capital Accumulation. Available at SSRN: https://ssrn.com/abstract=192188

Keith Blackburn (Contact Author)

University of Manchester - School of Social Sciences ( email )

Oxford Road
Manchester, M13 9PL
United Kingdom

Victor T. Y. Hung

City University of Hong Kong (CityUHK) - Department of Economics & Finance

83 Tat Chee Avenue
Kowloon
Hong Kong

Alberto F. Pozzolo

Università degli Studi di Roma Tre ( email )

Via Ostiense 163
Roma, RM 00154
Italy

HOME PAGE: http://www.uniroma3.it/

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