Christian Keuschnigg, Wilhelm Kohler,
"Innovation, Capital Accumulation and Economic Transition"
, in R.E. Baldwin and J.F. Francois: Applied Commercial Policy Analysis, Cambridge University Press, Cambridge, Seite(n) 89-137, 1999, In: Baldwin, R.E. and J.F. Francois (eds.), Dynamic Issues in Applied Commercial Policy Analysis, Cambridge: Cambridge University Press, fothcoming 1998.
Original Titel:
Innovation, Capital Accumulation and Economic Transition
Sprache des Titels:
Englisch
Original Buchtitel:
Applied Commercial Policy Analysis
Englische Kurzfassung:
This paper explores some links between trade, human capital investment and innovationbased growth in the contxt of Eastern European economies in transition. Specifically, we calibrate a two region model with trade in differentiated high-tech products and a homogeneous traditional commodity. Human capital, or the quality of the skilled labour force, as well as physical capital are accumulated. Human capital remains finite in the long-run but depends endogenously on education and is an important determinant of the innovation rate. Transition is modeled as one of the two regions starting out with initial conditions that are grossly displaced from a reference path of balanced growth. The paper then evaluates and compares the effects of a number of policy research, for the process of transition as well as long-run growth and welfare.
Veröffentlicher:
Cambridge University Press
Verlagsanschrift:
Cambridge
Seitenreferenz:
89-137
Erscheinungsjahr:
1999
Notiz zum Zitat:
In: Baldwin, R.E. and J.F. Francois (eds.), Dynamic Issues in Applied Commercial Policy Analysis, Cambridge: Cambridge University Press, fothcoming 1998.