Quotation Prettner, Klaus, Strulik, Holger. 2016. Technology, Trade, and Growth: The Role of Education. Macroeconomic Dynamics. 20 1381-1394.


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Abstract

We generalize a trade model with firm-specific heterogeneity and R&D-based growth to allow for endogenous education and fertility. The framework is able to explain cross-country differences in living standards and trade intensities by the differential pace of human capital accumulation among industrialized countries. Consistent with the empirical evidence, scale matters for relative economic prosperity as long as countries are closed, whereas scale does not matter in a fully globalized world. The average human capital of a country, by contrast, influences its relative economic prosperity irrespective of trade-openness.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Macroeconomic Dynamics
Citation Index SSCI
WU-Journal-Rating new FIN-A, VW-C
Language English
Title Technology, Trade, and Growth: The Role of Education
Volume 20
Year 2016
Page from 1381
Page to 1394
Reviewed? Y
URL https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/technology-trade-and-growth-the-role-of-education/98769CE5BD214D547242229F1B9F4AFD
DOI https://doi.org/10.1017/S1365100514000856
Open Access N

Associations

People
Prettner, Klaus (Details)
External
Strulik, Holger (University of Göttingen, Germany)
Organization
Department of Economics (Crespo Cuaresma) (Details)
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