Human Capital and Over-investment in R&D.
| Author | : Ana Balcão Reis |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2008 |
| ISBN-10 | : OCLC:1376638245 |
| ISBN-13 | : |
| Rating | : 4/5 (45 Downloads) |
Book Synopsis Human Capital and Over-investment in R&D. by : Ana Balcão Reis
Download or read book Human Capital and Over-investment in R&D. written by Ana Balcão Reis and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce a negative effect of technological development on human capital accumulation in a growth model with endogenous innovation and accumulation of human capital. This implies a negative externality of R&D in human capital accumulation. Some calibration exercises suggest that this distortion may be sufficiently strong not only to offset the usual effects of spillovers and of returns to specialization but also to induce over-investment in R&D.
