Human capital composition and long-run economic growth

This study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results...

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Detalles Bibliográficos
Autor: Carillo, Mario Francesco|||0000-0003-2964-8487
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universitat Autònoma de Barcelona
Repositorio:Dipòsit Digital de Documents de la UAB
Idioma:inglés
OAI Identifier:oai:ddd.uab.cat:303219
Acceso en línea:https://ddd.uab.cat/record/303219
https://dx.doi.org/urn:doi:10.1016/j.econmod.2024.106760
Access Level:acceso abierto
Palabra clave:Economic growth
Human capital composition
Demographic transition
Long-run development
SDG 8 - Decent Work and Economic Growth
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spelling Human capital composition and long-run economic growthCarillo, Mario Francesco|||0000-0003-2964-8487Economic growthHuman capital compositionDemographic transitionLong-run developmentSDG 8 - Decent Work and Economic GrowthThis study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results in a trade-off between innovation and technology adoption. While highly educated individuals drive technological innovation, a workforce without adequate education can hinder technology adoption, thereby delaying the transition from stagnation to growth. Moreover, technology adoption complements technological progress especially in the modern era, when innovations are more challenging to adopt, thereby enhancing economic growth. This study provides empirical evidence to support the theoretical predictions. Overall, the findings form the basis for future studies on the critical role of human capital composition in economic development and offer novel insights for shaping education reforms at different stages of development. 22024-01-0120242024-01-01Articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://ddd.uab.cat/record/303219https://dx.doi.org/urn:doi:10.1016/j.econmod.2024.106760reponame:Dipòsit Digital de Documents de la UABinstname:Universitat Autònoma de BarcelonaInglésengEuropean Commission https://doi.org/10.13039/501100000780 803506open accesshttp://purl.org/coar/access_right/c_abf2Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.https://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:ddd.uab.cat:3032192026-06-06T12:50:31Z
dc.title.none.fl_str_mv Human capital composition and long-run economic growth
title Human capital composition and long-run economic growth
spellingShingle Human capital composition and long-run economic growth
Carillo, Mario Francesco|||0000-0003-2964-8487
Economic growth
Human capital composition
Demographic transition
Long-run development
SDG 8 - Decent Work and Economic Growth
title_short Human capital composition and long-run economic growth
title_full Human capital composition and long-run economic growth
title_fullStr Human capital composition and long-run economic growth
title_full_unstemmed Human capital composition and long-run economic growth
title_sort Human capital composition and long-run economic growth
dc.creator.none.fl_str_mv Carillo, Mario Francesco|||0000-0003-2964-8487
author Carillo, Mario Francesco|||0000-0003-2964-8487
author_facet Carillo, Mario Francesco|||0000-0003-2964-8487
author_role author
dc.subject.none.fl_str_mv Economic growth
Human capital composition
Demographic transition
Long-run development
SDG 8 - Decent Work and Economic Growth
topic Economic growth
Human capital composition
Demographic transition
Long-run development
SDG 8 - Decent Work and Economic Growth
description This study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results in a trade-off between innovation and technology adoption. While highly educated individuals drive technological innovation, a workforce without adequate education can hinder technology adoption, thereby delaying the transition from stagnation to growth. Moreover, technology adoption complements technological progress especially in the modern era, when innovations are more challenging to adopt, thereby enhancing economic growth. This study provides empirical evidence to support the theoretical predictions. Overall, the findings form the basis for future studies on the critical role of human capital composition in economic development and offer novel insights for shaping education reforms at different stages of development.
publishDate 2024
dc.date.none.fl_str_mv 2
2024-01-01
2024
2024-01-01
dc.type.none.fl_str_mv Article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://ddd.uab.cat/record/303219
https://dx.doi.org/urn:doi:10.1016/j.econmod.2024.106760
url https://ddd.uab.cat/record/303219
https://dx.doi.org/urn:doi:10.1016/j.econmod.2024.106760
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv European Commission https://doi.org/10.13039/501100000780 803506
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Dipòsit Digital de Documents de la UAB
instname:Universitat Autònoma de Barcelona
instname_str Universitat Autònoma de Barcelona
reponame_str Dipòsit Digital de Documents de la UAB
collection Dipòsit Digital de Documents de la UAB
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