Education, Innovation, and Long-Run Growth

Hori, Katsuhiko; Yamada, Katsunori

Institute of Social and Economic Research Discussion Papers, 2011, 731, 1-26

アクセス数:165件（2025-05-15 11:57 集計）

固定URL: https://hdl.handle.net/11094/13522

論文情報

ファイル出力 EndNote Basic出力 Mendeley出力

タイトル
Education, Innovation, and Long-Run Growth
著者
NRID
1000050635018 1000050635018
著者名
Hori, Katsuhiko
NRID
1000080533603 1000080533603
著者名
Yamada, Katsunori
キーワード等
Schumpeterian growth model
human capital accumulation
subsidies
内容
ISER discussion paper
February 2009, Revised March 2009, Secondly Revised November 2011(Originally entitled "Complementary Relationships between Education and Innovation")
抄録
This study augments a second-generation Schumpeterian growth model to employ human capital explicitly. We clarify the general-equilibrium interactions of subsidy policies to R&D and human capital accumulation in a unified framework. Despite a standard intuition that subsidizing these growth-enhancing activities is always mutually growth promoting, we find asymmetric effects for subsidies on R&D and those on education. Our theoretical result of asymmetric policy effects provides an important empirical caveat that empirical researchers may find false negative relationships between education subsidies and the output growth rate, if they merely rely on the standard human capital model.
出版者
The Institute of Social and Economic Research, Osaka University
収録物名
Institute of Social and Economic Research Discussion Papers
巻(号)
731
ページ
1-26
刊行年月
2011-11
言語
英語
ハンドルURL
https://hdl.handle.net/11094/13522
関連情報 (references)
URI
https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2009/DP0731RR.pdf
アクセス権
metadata only access
カテゴリ
ディスカッション／ワーキング・ペーパー DP/WP
Institute of Social and Economic Research Discussion Papers
最終更新日
2011-11