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ディスカッション／ワーキング・ペーパー

text

Discussion Papers In Economics And Business. 2018, 18-02, p. 1-40

Changing demand for general skills, technological uncertainty, and economic growth

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

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2018-01

http://www2.econ.osaka-u.ac.jp/library/global/dp/1802.pdf

We develop a simple endogenous growth model featuring individuals’ choices between general and firm-specific skills, endogenous technological innovation, and a government subsidy for education. General skills are less productive than are specific skills, but they enable workers to operate all technologies in the economy. We show that demand for general skills increases as countries catch up to the world technology frontier. Further, using aggregated data for 12 European OECD counties, we calibrate the model and compare the theoretical prediction with the data. In cross-country comparisons, we find that the returns on general skills and the impact of general education expenditure on GDP are higher in countries with higher total factor productivity. These findings support our theoretical argument of the positive relationship between firms’ demand for general skills and countries’ stages of development.

67705

Changing demand for general skills, technological uncertainty, and economic growth

Tanaka, Masashi

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2018-01

Discussion Papers In Economics And Business

18-02

1

40

https://hdl.handle.net/11094/67705

http://www2.econ.osaka-u.ac.jp/library/global/dp/1802.pdf