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'Intelligent' vs Human Capital in the Endogenous/Exogenous Growth Debate

Author

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  • Acquisti, Alessandro
  • Baldassarri, Mario

Abstract

We present a model of growth à la Lucas with two 'competing' factors. The first needs to allocate its time between production, accumulation and a non productive activity (rest or leisure). The second can devote its time simply to production and accumulation. The two factors can generate harmful 'competition' and produce exogenous, endogenous growth, or economic implosion. The first factor can be identified as individual human capital and the second as IT related 'intelligent capital' - physical capital which incorporates the human capital of a person rather than her labour surplus.

Suggested Citation

  • Acquisti, Alessandro & Baldassarri, Mario, 1998. "'Intelligent' vs Human Capital in the Endogenous/Exogenous Growth Debate," Economics Technical Papers 9819, Trinity College Dublin, Department of Economics.
    • Handle: RePEc:tcd:tcduet:9819
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    More about this item

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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