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Human capital, knowledge spillovers, and one kind of semi-endogenous regional economic growth

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  • Amitrajeet Batabyal
  • Hamid Beladi

Abstract

We study the implications of the interaction between human capital and knowledge spillovers for one kind of semi-endogenous economic growth in a region. We focus on two cases. In the first (second) case, there is no growth (growth) in the stock of human capital but knowledge spillovers are complete (incomplete). Our analysis leads to four findings for each of the above two cases. First, we describe the balanced growth path equilibrium. Second, we describe the possible existence of transitional dynamics. Third, we discuss the circumstances in which there exists a human capital induced scale effect. Fourth, we discuss the real world plausibility of each of the above two cases. We conclude with a brief discussion of how our single region model might be extended to study the case of $$I\ge 2$$ regions. Copyright Springer-Verlag Berlin Heidelberg 2013

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  • Amitrajeet Batabyal & Hamid Beladi, 2013. "Human capital, knowledge spillovers, and one kind of semi-endogenous regional economic growth," Letters in Spatial and Resource Sciences, Springer, vol. 6(3), pages 121-135, November.
    • Handle: RePEc:spr:lsprsc:v:6:y:2013:i:3:p:121-135
    DOI: 10.1007/s12076-013-0092-9
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    References listed on IDEAS

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    More about this item

    Keywords

    Dynamics; Human capital; Knowledge spillover; Regional economic growth; Scale effect; R11; O31;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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