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

Material type: 文書・図像類

Author: タナカ, マサシ

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

Publication date: 2018-01

Material Format: Paper

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Note (General)：: We develop a simple endogenous growth model featuring individuals’ choices between general and firm-specific skills, endogenous technological innovati...

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Paper

Material Type: 文書・図像類
Title: Changing demand for general skills, technological uncertainty, and economic growth
Author/Editor: タナカ, マサシ
Author Heading: タナカ, マサシ
Publication, Distribution, etc.: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
Publication Date: 2018-01
Publication Date (W3CDTF): 2018-01
Periodical title: Discussion Papers In Economics And Business
No. or year of volume/issue: 18-02
Volume: 18-02
Pages: 1-40
Text Language Code: eng
Subject Heading: General and specific skills
Technological uncertainty
Education policy
Distance to world technology frontier
Target Audience: 一般
Note (General): 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.
Periodical Title (NCID): AA1160366X
https://ci.nii.ac.jp/ncid/AA1160366X
References (URI): URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1802.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