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Skill gaps: existence and efficiency

Author

Listed:
  • Fernando Pueyo

    (Dep. de Análisis Económico. Universidad de Zaragoza)

  • Marcos Sanso

    (Dep. de Análisis Económico. Universidad de Zaragoza)

Abstract

Given the interdependences between human capital accumulation and technological change, skill gaps may arise in equilibrium. However, they are not necessarily inefficient, and in this paper we present a model in which the simple absence of such a skill gap can be inefficient.

Suggested Citation

  • Fernando Pueyo & Marcos Sanso, 2002. "Skill gaps: existence and efficiency," Economics Bulletin, AccessEcon, vol. 15(6), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-02o30007
    as

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    References listed on IDEAS

    as
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    5. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    6. Vasudeva Murthy, N. R. & Chien, I. S., 1997. "The empirics of economic growth for OECD countries: Some new findings," Economics Letters, Elsevier, vol. 55(3), pages 425-429, September.
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    More about this item

    Keywords

    efficiency;

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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