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| Tekijä: | Lloyd-Ellis, H. Roberts, J. |
| Otsikko: | Twin engines of growth: skills and technology as equal partners in balanced growth |
| Lehti: | Journal of Economic Growth
2002 : JUN, VOL. 7:2, p. 87-115 |
| Asiasana: | Technological change Human resource management Skilled workers |
| Kieli: | eng |
| Tiivistelmä: | The authors develop an endogenous growth model in which skill acquisition by households and innovation by firms make distinct contributions to productivity growth. The incentives faced by firms and households are inextricably linked because skills are required to implement new technologies. Skills and technologies are dynamic complements but, because their production complementarity is inherently bounded, they are "equal partners" in driving growth: neither can generate sustained growth alone. |
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