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Valuable skills, human capital and technology diffusion

Messinis, George and Ahmed, Abdullahi D (2008) Valuable skills, human capital and technology diffusion. Working Paper. Victoria University, Melbourne, Australia.

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Abstract

This paper develops new estimates of human capital as a latent index of valuable skills for seventy countries over the period 1970-2003. The index is used to examine three models of technology diffusion and extend Benhabib and Spiegel (2005) to account for heterogeneity, complementarity between capital and skill (CSC) and skilled and unskilled labour (SNC), and skill-biased-technical-change (SBTC). The evidence shows that (1) the skills-education gap has widened in Africa, South America, Eastern Europe and most developed OECD countries; (2) skills facilitate innovation and technology diffusion; (3) the CSC, SNC and SBTC hypotheses are confirmed, and (4) international scientific collaboration greatly enhances the absorptive capacity of human capital.

Item Type: Monograph (Working Paper)
Additional Information:
Uncontrolled Keywords: human capital, skills, growth, technology diffusion, CSC, SBTC
Subjects: FOR Classification > 1402 Applied Economics
Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Depositing User: VUIR
Date Deposited: 01 Dec 2010 02:48
Last Modified: 23 Jan 2015 01:15
URI: http://vuir.vu.edu.au/id/eprint/15905
DOI: No. 38
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