Human Capital, Knowledge Spillovers, and One Kind of Semi-Endogenous Regional Economic Growth

Letters in Spatial and Resource Sciences, Vol. 6, No. 3, pp. 121-135, 2013

Posted: 11 Dec 2013

See all articles by Amitrajeet A. Batabyal

Amitrajeet A. Batabyal

Rochester Institute of Technology (RIT) - Department of Economics

Hamid Beladi

University of Texas at San Antonio - College of Business - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: December 6, 2013

Abstract

We study the implications of the interaction between human capital and knowledge spillovers for one kind of semi-endogenous economic growth in a region. We focus on two cases. In the first (second) case, there is no growth (growth) in the stock of human capital but knowledge spillovers are complete (incomplete). Our analysis leads to four findings for each of the above two cases. First, we describe the balanced growth path (BGP) equilibrium. Second, we describe the possible existence of transitional dynamics. Third, we discuss the circumstances in which there exists a human capital induced scale effect. Fourth, we discuss the real world plausibility of each of the above two cases. We conclude with a brief discussion of how our single region model might be extended to study the case of I ≥ 2 regions.

Keywords: Dynamics, Human Capital, Knowledge Spillover, Regional Economic Growth, Scale Effect

JEL Classification: R11, O31

Suggested Citation

Batabyal, Amitrajeet A. and Beladi, Hamid, Human Capital, Knowledge Spillovers, and One Kind of Semi-Endogenous Regional Economic Growth (December 6, 2013). Letters in Spatial and Resource Sciences, Vol. 6, No. 3, pp. 121-135, 2013, Available at SSRN: https://ssrn.com/abstract=2365529

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology (RIT) - Department of Economics ( email )

92 Lomb Memorial Drive
Rochester, NY 14623-5604
United States
585-475-2805 (Phone)
585-475-5777 (Fax)

HOME PAGE: http://people.rit.edu/aabgsh

Hamid Beladi

University of Texas at San Antonio - College of Business - Department of Economics ( email )

One UTSA Circle
P.O. Box 5636
San Antonio, TX 78249
United States
210-458-7038 (Phone)
210-458-7040 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
283
PlumX Metrics