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Economic development and the return to human capital: a smooth coefficient semiparametric approach
(2006)
This paper investigates the impact of human capital on the process of economic growth by allowing the contribution of traditional inputs (capital and labour) as well as that of human capital to vary both across countries ...
Spillovers from publicly financed R&D capital in high-tech industries
(1999)
This paper employs a dynamic production model to examine the short-run effects of publicly financed R&D capital on the cost structure of six high-tech US manufacturing industries. The results show that, given an industry's ...
Is the financial development and economic growth relationship nonlinear?
(2007)
Using nonparametric estimation techniques we find that, in contrast to recent research, the finance-growth relationship is linear when the previously documented nonlinearity between initial per capital income, human capital ...