Costly investment, complementarities and the skill premium
We propose a new framework to analyse the relationship between the relative high-skilled labour endowment, the skill premium and economic growth. Building on Acemoglu and Zilibotti (2001), we introduce physical capital; internal costly investment in both capital and R&D; and complementarities be...
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| Format: | article |
| Language: | eng |
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2011
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| Online Access: | http://hdl.handle.net/1822/13092 |
| Country: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/13092 |