Cognitive skills, innovation and technology diffusion

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Messinis, George and Ahmed, Abdullahi D (2012) Cognitive skills, innovation and technology diffusion. Economic Modelling, 30 (1). pp. 565-578. ISSN 0264-9993

Abstract

This article presents new international estimates of human capital for the period 1970–2003. The new latent index is used to re-examine the Benhabib and Spiegel (2005) model of technology diffusion in a horse-race with the competing indicators of Barro and Lee (2010) and Hanushek and Wößmann (2009). Analysis employs cross-section and panel econometrics, extends beyond the Cobb–Douglas technology, and deals with endogeneity bias. Robust evidence confirms the significance of cognitive skills as a driver of innovation and diffusion. Although there is substantial diversity, the new human capital index has declined in many countries in Africa and the OECD.

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Item type	Article
URI	https://vuir.vu.edu.au/id/eprint/23717
DOI	10.1016/j.econmod.2012.10.002
Official URL	http://www.sciencedirect.com/science/article/pii/S...
Subjects	Historical > FOR Classification > 1402 Applied Economics Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Keywords	ResPubID26662, ResPubID25575, education, research skills, human capital, growth, innovation, diffusion
Citations in Scopus	19 - View on Scopus
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