返回Google圖書搜尋

Human Capital and Over-investment in R&D.

出版	SSRN, 2008
URL	http://books.google.com.hk/books?id=foXezwEACAAJ&hl=&source=gbs_api

註釋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.