Education, Innovation, and Long-Run Growth

Material type: 文書・図像類

Author: Hori, Katsuhikoほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2011-11

Material Format: Paper

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Note (General)：: ISER discussion paperFebruary 2009, Revised March 2009, Secondly Revised November 2011(Originally entitled "Complementary Relationships between Educat...

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Paper

Material Type: 文書・図像類
Title: Education, Innovation, and Long-Run Growth
Author/Editor: Hori, Katsuhiko
Yamada, Katsunori
Author Heading: Hori, Katsuhiko
https://nrid.nii.ac.jp/nrid/1000050635018
Yamada, Katsunori
https://nrid.nii.ac.jp/nrid/1000080533603
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2011-11
Publication Date (W3CDTF): 2011-11
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 731
Volume: 731
Pages: 1-26
Text Language Code: eng
Subject Heading: Schumpeterian growth model
human capital accumulation
subsidies
Target Audience: 一般
Note (General): ISER discussion paper
February 2009, Revised March 2009, Secondly Revised November 2011(Originally entitled "Complementary Relationships between Education and Innovation")
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.
References (URI): URI
https://www.iser.osaka-u.ac.jp/library/dp/2009/DP0731RR.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華