Simeonova-Ganeva, Ralitsa and Ganev, Kaloyan (2006): Institutionally Induced Human Capital Vintages and Economic Growth in Transition. Published in: YearBook of the Faculty of Economics and Business Administration, Sofia University St. Kliment Ohridski , Vol. Vol. 7, No. 2008 (2008): pp. 53-68.
Download (285kB) | Preview
In this paper we introduce additional parameters of the economic environment related to some notion of “distance” to institutions in a simple formal model. This distance could be viewed as an uneven spatial distribution (or coverage) of institutions with respect to population distribution. We are led to conclude here that distance to institutions is an important determinant of the emergence of heterogeneous (vintage) human capital. Our modeling framework also shows, that the existence of uneven access (or distance) to institutions leads to important implications concerning economic growth.
|Item Type:||MPRA Paper|
|Original Title:||Institutionally Induced Human Capital Vintages and Economic Growth in Transition|
|Keywords:||vintage human capital, distance to institutions, economic growth, transition economies|
|Subjects:||P - Economic Systems > P2 - Socialist Systems and Transitional Economies
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
|Depositing User:||Ralitsa Simeonova-Ganeva|
|Date Deposited:||21 Oct 2011 15:49|
|Last Modified:||14 Jun 2016 10:43|
Abramovitz, M. Economic Growth in the United States. American Economic Review, 52(4), 1962, 762–782.
Acemoglu, D., S. Johnson, and J. Robinson. Institutions as the Fundamental Cause of Long-Run Growth. Working Paper 10481, NBER, 2004.
Alesina, A., and R. Perotti. The Political Economy of Growth: A Critical Survey of the Recent Literature. World Bank Economic Review, 8(3), 1994, 351–371.
Barro, R. J., and X. Sala-i-Martin. Economic Growth. MIT Press, Second Edition, 2004.
Becker, G. S. Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education. University of Chicago Press, NBER, third edition, 1993
Boucekkine, R., D. de la Croix, And O. Licandro. Vintage Human Capital, Demographic Trends and Endogenous Growth. Working Papers 2000-02, FEDEA, 2000.
Boucekkine, R., D. de la Croix, And O. Licandro. Vintage Capital. Working Paper ECO No. 2006/08, European University Institute, 2006.
Boucekkine, R., F. del Rio, and O. Licandro. Endogenous vs. Exogenously Driven Fluctuations in Vintage Capital Models. CEPREMAP Working Papers (Couverture Orange) 9901, CEPREMAP, 1999.
Chari, V. V., and H. Hopenhayn. Vintage Human Capital, Growth, and the Diffusion of New Technology. Journal of Political Economy, 99(6), 1991, 1142–65.
Eggertsson, T. Economic Behavior and Institutions. Cambridge University Press, 1990.
Franco, A., and B. F. Ingram. Vintage Human Capital and the Wage Premium. Working paper, University of Iowa, 2006.
Gordon, N. M. Ex Ante and Ex Post Substitutability in Economic Growth. International Economic Review, 14(2), 1973, 497–510.
Greenwood, J., Z. Hercowitz, and P. Krusell. LongRun Implications of Investment-Specific Technological Change. American Economic Review, 87(3), 1997, 342–362.
Hall, R. E., and C. I. Jones. Why Do Some Countries Produce So Much More Output Per Worker Than Others? Quarterly Journal of Economics, 114, 1999, 83–116.
Hu, S. C. Putty-Putty Versus Putty-Clay. International Economic Review, 13(2), 1972, 324–341.
Iacopetta, M. Vintage Capital and Technology Adoption: A Survey. Working paper, Georgia Institute of Technology, 2002.
Johansen, L. Substitution versus Fixed Production Coefficients in the Theory of Economic Growth: A Synthesis. Econometrica, 27(2), 1959, 157–176.