JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Humankapital und endogenes Wachstum
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 115 (1995), Iss. 3 : pp. 339–366
Additional Information
Article Details
Homburg, Stefan
Abstract
In the paper a growth model is developed which admits endogenous growth. Endogenous growth is due to simultaneous efficient accumulation of physical as well as human capital. In contrast to similar growth models, we assume that output can be transformed into either physical or human capital according to a linear transformation technology. The resulting model is particularly simple and entails sharp empirical predictions. Various empirical tests of that approach and the neoclassical growth model are performed.