On the effects of human capital and R&D policies in an endogenous growth model

被引：13

作者：

Sequeira, Tiago Neves ^{[1
]}

机构：

[1] Univ Nova Lisboa, Univ Beira Interior, Dept Gestao & Econ, INOVA,Fac Econ, P-6200209 Covilha, Portugal

来源：

ECONOMIC MODELLING | 2008年 / 25卷 / 05期

关键词：

human capital; R&D; endogenous growth; welfare;

D O I：

10.1016/j.econmod.2008.01.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We introduce an external effect of existing technologies in human capital accumulation in an endogenous growth model and describe its steady-state and transition. We numerically solve the model to compare the quantitative effects of R&D policy with the quantitative effects of human capital policy in wealth and welfare. Although R&D subsidies have now an overall positive effect on growth, wealth and welfare, the calibration exercise shows that for plausible values for the parameters, human capital policy is simultaneously the most income and welfare-improving and the less expensive to the government. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：968 / 982

页数：15

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