Human capital composition and long-run economic growth

This study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results...

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Detalhes bibliográficos
Autor: Carrilo, Mario F.
Tipo de documento: artigo
Estado:Versão publicada
Data de publicação:2024
País:España
Recursos:Universitat Pompeu Fabra
Repositório:Repositorio Digital de la UPF
OAI Identifier:oai:dnet:rdupf_______::4c0320eebdf11c78af1c7dba18a1af17
Acesso em linha:https://hdl.handle.net/10230/73499
http://dx.doi.org/10.1016/j.econmod.2024.106760
Access Level:Acceso aberto
Palavra-chave:Economic growth
Human capital composition
Demographic transition
Long-run development
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spelling Human capital composition and long-run economic growthCarrilo, Mario F.Economic growthHuman capital compositionDemographic transitionLong-run developmentThis study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results in a trade-off between innovation and technology adoption. While highly educated individuals drive technological innovation, a workforce without adequate education can hinder technology adoption, thereby delaying the transition from stagnation to growth. Moreover, technology adoption complements technological progress especially in the modern era, when innovations are more challenging to adopt, thereby enhancing economic growth. This study provides empirical evidence to support the theoretical predictions. Overall, the findings form the basis for future studies on the critical role of human capital composition in economic development and offer novel insights for shaping education reforms at different stages of development.Elsevier2026202620242026info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/10230/73499http://dx.doi.org/10.1016/j.econmod.2024.106760reponame:Repositorio Digital de la UPFinstname:Universitat Pompeu FabraInglésEconomic Modelling. 2024;137:106760© 2024 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:dnet:rdupf_______::4c0320eebdf11c78af1c7dba18a1af172026-06-12T07:21:37Z
dc.title.none.fl_str_mv Human capital composition and long-run economic growth
title Human capital composition and long-run economic growth
spellingShingle Human capital composition and long-run economic growth
Carrilo, Mario F.
Economic growth
Human capital composition
Demographic transition
Long-run development
title_short Human capital composition and long-run economic growth
title_full Human capital composition and long-run economic growth
title_fullStr Human capital composition and long-run economic growth
title_full_unstemmed Human capital composition and long-run economic growth
title_sort Human capital composition and long-run economic growth
dc.creator.none.fl_str_mv Carrilo, Mario F.
author Carrilo, Mario F.
author_facet Carrilo, Mario F.
author_role author
dc.subject.none.fl_str_mv Economic growth
Human capital composition
Demographic transition
Long-run development
topic Economic growth
Human capital composition
Demographic transition
Long-run development
description This study examines the impact of human capital composition on technological progress and its role in influencing the transition from stagnation to growth and the persistent income disparities across the globe. It posits that the trade-off between higher and lower education within an economy results in a trade-off between innovation and technology adoption. While highly educated individuals drive technological innovation, a workforce without adequate education can hinder technology adoption, thereby delaying the transition from stagnation to growth. Moreover, technology adoption complements technological progress especially in the modern era, when innovations are more challenging to adopt, thereby enhancing economic growth. This study provides empirical evidence to support the theoretical predictions. Overall, the findings form the basis for future studies on the critical role of human capital composition in economic development and offer novel insights for shaping education reforms at different stages of development.
publishDate 2024
dc.date.none.fl_str_mv 2024
2026
2026
2026
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/10230/73499
http://dx.doi.org/10.1016/j.econmod.2024.106760
url https://hdl.handle.net/10230/73499
http://dx.doi.org/10.1016/j.econmod.2024.106760
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Modelling. 2024;137:106760
dc.rights.none.fl_str_mv http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositorio Digital de la UPF
instname:Universitat Pompeu Fabra
instname_str Universitat Pompeu Fabra
reponame_str Repositorio Digital de la UPF
collection Repositorio Digital de la UPF
repository.name.fl_str_mv
repository.mail.fl_str_mv
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