Human capital: level versus growth effects |
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| Authors: | Cannon E |
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| Affiliation: | University of Bristol, Department of Economics, 8, Woodland Road, Bristol WS8 1TN, UK
E-mail: Edmund.Cannon@bristol.ac.uk |
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| Abstract: | The endogenous growth literature includes two competing viewsconcerning the influence of human capital on output growth:human capital may be a conventional input and determine justthe level of output or it may be essential to raise productivityvia R&D. Distinguishing empirically between these two alternativesis important. This paper shows that the suggestion by Aghionand Howitt (1998) for how to distinguish the two approacheswill not work. |
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