2002
DOI: 10.1080/00036840110061947
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Human capital and international knowledge spillovers in TFP growth of a sample of developing countries: an exploration of alternative approaches

Abstract: This study tests and compares the two major approaches to the modelling of human capital in growth regressions, i.e. the Lucas and the Nelson-Phelps approach, in the context of developing country models with international knowledge spillovers. On balance, the results seem to favour the Nelson-Phelps approach. Using human capital stock variables instead of flow variables, a positive role for human capital in the absorption of international knowledge spillovers other than embodied R&D spillovers is confirmed. Th… Show more

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Cited by 68 publications
(52 citation statements)
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“…The size of the spillover effect has been found to depend on the absorptive capacity of the industry or country however. A number of studies confirm that increases in human capital augment absorptive capacity and enhance productivity Productivity Effects of Knowledge Spillovers resulting from Labour Mobility (2013) 3 gains resulting from spillover effects (for developing countries see Engelbrecht 2002, Falvey et al 2007and Wang 2007 and for OECD countries see Engelbrecht 1997 andFrantzen 2000).…”
Section: Introductionmentioning
confidence: 99%
“…The size of the spillover effect has been found to depend on the absorptive capacity of the industry or country however. A number of studies confirm that increases in human capital augment absorptive capacity and enhance productivity Productivity Effects of Knowledge Spillovers resulting from Labour Mobility (2013) 3 gains resulting from spillover effects (for developing countries see Engelbrecht 2002, Falvey et al 2007and Wang 2007 and for OECD countries see Engelbrecht 1997 andFrantzen 2000).…”
Section: Introductionmentioning
confidence: 99%
“…In effect, Lucas expanded the concept of capital by treating HC like any other factor of production, where the unexplained growth rate was due to differences in the accumulation of HC over time. The second, NelsonPhelps/Romer approach, asserts that the existing HC stock of a country determines its ability to replicate and adjust new technologies which ultimately leads to sustained growth (Engelbrecht, 2002;Krueger and Lindhal, 2001). 8 For Nelson and Phelps therefore, the key was the role of educated managers, whom they theorised, would make good innovators and speed technological diffusion by introducing new production techniques .…”
Section: Approaches To Hc Measurementmentioning
confidence: 99%
“…There is also evidence that the most effective policies to promote knowledge spillovers differ depending on the "receiving" country's distance from the knowledge frontier. Benhabib and Spiegel (1994) and Engelbrecht (1997Engelbrecht ( , 2000 find that human capital formation is relatively more important for developing countries far from the technological frontier, whereas investing in R&D grows in importance for countries closer to the frontier. This is consistent with the view that it is increasingly difficult for countries to sustain high growth through adoption and imitation alone as they approach the technological frontier.…”
Section: Eib Papersmentioning
confidence: 99%