Economics, Econometrics and Finance
4 years ago

High human capital levels lead to rapid growth in industries.

SSRN Electronic Journal
Human Capital, the Structure of Production, and Growth
Antonio Ciccone, Elias Papaioannou

Paper Summary

High levels of human capital help countries grow economically by adopting new technologies faster. Countries with more skilled workers saw faster growth in industries that require more human capital in the 1980s. Accumulating human capital also boosts growth in these industries.

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