A Model of Growth Through Creative Destruction

Aghion, Philippe; Howitt, Peter

doi:10.2307/2951599

Cited by 5,966 publications

(3,601 citation statements)

References 17 publications

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“…This is to answer to the question: What are economic implications of education for individuals who receive it? Growth theorists make human capital accumulation one of the cornerstones of their models and deal with different aspects of the role of human capital in growth [23]- [25]. Thus, the education-growth relationship has a theoretical foundation.…”

Section: Theoretical Relationship Between Variables Of Interest and Ementioning

confidence: 99%

Do Internet and Human Capital Matter for Economic Growth in Developing Countries? Empirical Evidence from WAEMU Countries

Johnson¹

2016

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In the attempt to establish new sources of economic growth in the West African Economic and Monetary Union (WAEMU) countries except Gunea Bissau for sustainable growth of the region, this study aims to empirically assess the role of internet and revisit the impact of human capital in these countries based on panel data from 2009 to 2014. We firstly use the principal component analysis technique to build the internet network development index and the human capital index. Then we estimate a Cobb-Douglas function under the neoclassical Solow model to establish the relationship between gross domestic product and internet and human capital by using the fixed effects estimation technique. The findings indicate that internet network development constitutes an important pillar for economic growth in WAEMU countries at the current prevailing economic environment. In addition, they reveal that the performance of human capital in terms of economic growth is weak, a result which can be attributed to the poor quality of educational systems of the union. Physical capital is another source of economic growth of the WAEMU countries established by this study. Policy message drawn from this study encourages strategies aiming to strengthen internet network development in WAEMU countries.

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Section: Theoretical Relationship Between Variables Of Interest and Ementioning

confidence: 99%

Do Internet and Human Capital Matter for Economic Growth in Developing Countries? Empirical Evidence from WAEMU Countries

Johnson¹

2016

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“…Son argumentos propios de la Nueva Teoría del Crecimiento (Aghion & Howitt, 1992;Grossman & Helpman, 1994;Lucas, 1988;Romer, 1990Romer, , 1994 y de la tradición Postkaldoriana en modelos tipo export-led (Mc Combie & Thirwall, 1994), donde se pone el énfasis en las actividades económicas en cuanto a su facultad de acrecentar la capacidad de competencia internacional a través de la incorporación de conocimiento, formación y experiencia en la producción.…”

Section: Distribución Y Especialización: Vinculaciones Entre Inequidaunclassified

Desigualdad y especialización en el crecimiento de las economías templadas de nuevo asentamiento, 1870–1940

Willebald

2007

RHE / JILAEH

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“…Lucas (1998), Romer (1990), and Aghion and Howitt (1992) revised the original Slow (1957) paper into a "new growth" model. With research and development (R&D) as human capital.…”

Section: Existing Literaturementioning

confidence: 99%

Vocational Education, Per Capita Income, and Employment in the US

Johnson

2017

BER

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This paper examines the effects of vocational education on per capita income and employment in the U.S. A panel dataset on the number of graduates from community colleges as a proxy for vocational education for fifty states and Washington D.C. during 2002-2010 is used. The method of three stage least squares was employed. The results show that vocational education appears to affect changes in per capita income and employment positively. Nest, we compare and contrast vocational education with university education by using data on the number of four-year college graduates. The results show that the vocational education increases per capita income and employment more than university education in the short run but less than the latter in the long run.

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A Model of Growth Through Creative Destruction

Cited by 5,966 publications

References 17 publications

Do Internet and Human Capital Matter for Economic Growth in Developing Countries? Empirical Evidence from WAEMU Countries

Do Internet and Human Capital Matter for Economic Growth in Developing Countries? Empirical Evidence from WAEMU Countries

Desigualdad y especialización en el crecimiento de las economías templadas de nuevo asentamiento, 1870–1940

Vocational Education, Per Capita Income, and Employment in the US

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