Towards a theory of technological mismatch. 2 - Economic growth

Oude Wansink, Maurice (1995). Towards a theory of technological mismatch. 2 - Economic growth. UNU-MERIT Research Memoranda. UNU-MERIT.

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  • Sub-type Working paper
    Author Oude Wansink, Maurice
    Title Towards a theory of technological mismatch. 2 - Economic growth
    Series Title UNU-MERIT Research Memoranda
    Volume/Issue No. 21
    Publication Date 1995
    Publisher UNU-MERIT
    Language eng
    Abstract In this paper, the relationship between technological change and the labour market is analysed using a growth model. Economic growth is generated by private investment in human capital, which is the heart of technological change. The model developed in this paper resembles the model of Lucas (1988), but differs in some important definitions. These definitions make it possible to combine a steady state equilibrium (constant and positive growth rates) with production functions for both the research and the educational sector which are not linear. This latter feature is an improvement on the new growth theory. However, the model generates a system of dynamic equations that can only be used for stability analysis when additional assumptions are made with respect to the endogenous variables.
    Copyright Year 1995
    Copyright type All rights reserved
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