Abstract: Empirical evidence attests to non-negligible productivity effects of human-capital spillovers. We study implications of these externalities for welfare measurement, investment in education and patterns of knowledge-based economic growth. Estimating the productivity spillovers for an economy with Cobb-Douglas technology and iso-elastic preferences and using empirical parameter values, we find substantial effects in all three categories. A simple, self-financed education policy that implements the socially optimal outcome is offered
This paper extends a two-period overlapping generations model of endogenous growth where the interac...
In this paper we present an endogenous growth model in which we investigate the implications of know...
A new approach is developed to measure knowledge spillovers by means of proportion of non-appropriab...
In a search model of production, where agents accumulate heterogenous amounts of human capital, an i...
I assess the magnitude of human capital spillovers by estimating production functions using a unique...
Knowledge spillover implies that the social value of knowledge is higher than its private value and ...
In recent years, economic growth theorists have focused new attention on the role of knowledge capi...
This paper demonstrates the negative effects of positive internationalknowledge spillovers on econom...
The paper estimates an empirical model that is consistent with a variety of R&D- driven model of gro...
This paper looks at the channels through which intangible assets affect productivity. The econometri...
This paper studies the implications for the long-run world income distribution (WID) of two possible...
This article focuses on a relatively unappreciated consequence of localized knowledge spillovers: th...
The paper estimates an empirical model that is consistent with a variety of Research and Development...
With the recent renewed interest in economic growth literature, education stands at the frontier of ...
This paper looks at the channels through which intangible assets affect productivity. The econometri...
This paper extends a two-period overlapping generations model of endogenous growth where the interac...
In this paper we present an endogenous growth model in which we investigate the implications of know...
A new approach is developed to measure knowledge spillovers by means of proportion of non-appropriab...
In a search model of production, where agents accumulate heterogenous amounts of human capital, an i...
I assess the magnitude of human capital spillovers by estimating production functions using a unique...
Knowledge spillover implies that the social value of knowledge is higher than its private value and ...
In recent years, economic growth theorists have focused new attention on the role of knowledge capi...
This paper demonstrates the negative effects of positive internationalknowledge spillovers on econom...
The paper estimates an empirical model that is consistent with a variety of R&D- driven model of gro...
This paper looks at the channels through which intangible assets affect productivity. The econometri...
This paper studies the implications for the long-run world income distribution (WID) of two possible...
This article focuses on a relatively unappreciated consequence of localized knowledge spillovers: th...
The paper estimates an empirical model that is consistent with a variety of Research and Development...
With the recent renewed interest in economic growth literature, education stands at the frontier of ...
This paper looks at the channels through which intangible assets affect productivity. The econometri...
This paper extends a two-period overlapping generations model of endogenous growth where the interac...
In this paper we present an endogenous growth model in which we investigate the implications of know...
A new approach is developed to measure knowledge spillovers by means of proportion of non-appropriab...