Jump to ContentJump to Main Navigation
Show Summary Details
More options …

The B.E. Journal of Macroeconomics

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

Ed. by Abraham, Arpad / Carceles-Poveda , Eva / Debortoli, Davide / Schwartzman, Felipe / Wang, Pengfei

IMPACT FACTOR 2018: 0.674

CiteScore 2018: 0.70

SCImago Journal Rank (SJR) 2018: 0.605
Source Normalized Impact per Paper (SNIP) 2018: 0.694

See all formats and pricing
More options …

Human Capital, Technology Adoption and Development

A. Kerem Cosar
Published Online: 2011-03-02 | DOI: https://doi.org/10.2202/1935-1690.1907

This paper presents a model of development in which skilled labor is an input in technology adoption. The model combines Nelson and Phelps (1966) type technology dynamics with a growth model in which intermediate goods are used to produce a final good. The intermediate good producers hire skilled labor to increase their productivity by adopting techniques from an exogenously evolving stock of world knowledge. I solve for the stationary equilibrium and derive analytic expressions for steady state income level and wage premium. In a quantitative exercise, I calibrate the model and compare its predictions with data. The model successfully accounts for cross-country income differences and within-country wage premia on skilled labor. These results strengthen the idea that different types of human capital perform separate tasks and should not be aggregated into a single stock of human capital in development accounting exercises. The availability of skilled labor is potentially much more important for development than such aggregative exercises have so far suggested.

Keywords: productivity; human capital; technology adoption

About the article

Published Online: 2011-03-02

Citation Information: The B.E. Journal of Macroeconomics, Volume 11, Issue 1, ISSN (Online) 1935-1690, DOI: https://doi.org/10.2202/1935-1690.1907.

Export Citation

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

Joel Rodrigue and Kunio Tsuyuhara
Canadian Journal of Economics/Revue canadienne d'économique, 2018, Volume 51, Number 2, Page 452
Murat Yulek and Nurullah Gur
Progress in Development Studies, 2017, Volume 17, Number 3, Page 245
Yazid A. Abubakar and Jay Mitra
The International Journal of Entrepreneurship and Innovation, 2013, Volume 14, Number 4, Page 235
Seda Köymen Özer and Selin Sayek Böke
Emerging Markets Finance and Trade, 2016

Comments (0)

Please log in or register to comment.
Log in