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The B.E. Journal of Macroeconomics

Editor-in-Chief: Cavalcanti, Tiago / Kambourov, Gueorgui

Ed. by Abraham, Arpad / Carceles-Poveda , Eva / Debortoli, Davide / Lambertini, Luisa / Nimark, Kristoffer / Wang, Pengfei

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IMPACT FACTOR 2016: 0.043
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CiteScore 2016: 0.36

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1935-1690
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Human Capital Composition, R&D and the Increasing Role of Services

Tiago Neves Sequeira
  • 1Departamento de Gestão e Economia - Universidade da Beira Interior, Faculdade de Economia - Universidade Nova de Lisboa,
  • Other articles by this author:
  • De Gruyter OnlineGoogle Scholar
/ Ana B Reis
Published Online: 2006-06-01 | DOI: https://doi.org/10.2202/1534-5998.1343

We relate the negative correlation between income and the ratio of high to low-tech human capital and the positive correlation between income and investment on R&D, both present in developed countries, to the transition to a services economy. To this end a growth model with endogenous innovation and accumulation of high-tech and low-tech human capital is developed. We consider a negative effect of technological development on the accumulation of high-tech human capital and that services are relatively intensive in low-tech human capital. We confirm the model implications quantitatively in a calibration exercise.

Keywords: human capital composition; high-tech human capital; R&D; services

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Published Online: 2006-06-01


Citation Information: Topics in Macroeconomics, ISSN (Online) 1534-5998, DOI: https://doi.org/10.2202/1534-5998.1343.

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[1]
Simone Marsiglio, Alberto Ansuategi, and Maria Carmen Gallastegui
Environmental and Resource Economics, 2016, Volume 63, Number 2, Page 265
[2]
TIAGO NEVES SEQUEIRA
The Manchester School, 2008, Volume 76, Number 4, Page 436

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